An Auditor Determines That There Is an Inherent Risk That

question 41

Multiple Choice

An auditor determines that there is an inherent risk that dividends may be recorded and paid before being declared. This determination is most likely tied to which of the following management assertions?

• A)Completeness.
• B)Presentation and disclosure.
• C)Valuation.
• D)Existence.

---

Definitions:

Small Intestine

A long, coiled part of the digestive system where most of the digestion and absorption of nutrients takes place.

Birds

A class of warm-blooded egg-laying vertebrates characterized by feathers, beaks, and typically the ability to fly.

Seeds

The reproductive unit of flowering plants, capable of developing into another such plant.

Thick Beaks

A characteristic of some birds that have evolved robust, heavy beaks to crush or crack hard food sources.