According to PCAOB Auditing Standard No

question 36

Multiple Choice

According to PCAOB Auditing Standard No.2201 (AS 2201) ,the auditor should identify significant accounts and disclosures and their relevant assertions.Which of the following financial statement assertions is not explicitly identified in AS 2201?

• A)Completeness
• B)Valuation or Allocation
• C)Accuracy
• D)Existence or Occurrence
• E)All of these are assertions identified in AS 5.

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Definitions:

Melancholic

Pertaining to a state of deep sadness or depression, often characterized by persistent feelings of despair and low self-esteem.

Psychosexual Stages

A Freudian theory that proposes five stages (oral, anal, phallic, latency, genital) of psychological and sexual development from infancy to adulthood, with each stage associated with a different erogenous zone.

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings.

Minnesota Multiphasic Personality Inventory

A widely used psychological assessment tool designed to help diagnose mental disorders and assess personality structure.