In Assessing Control Risk for Purchases,an Auditor Vouches a Sample

question 8

Multiple Choice

In assessing control risk for purchases,an auditor vouches a sample of entries in the accounts payable trial balance to the supporting documents.Which account assertion would this test of controls most likely support?

• A)Completeness.
• B)Existence or occurrence.
• C)Valuation or allocation.
• D)Presentation

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Definitions:

Organism

A living entity made up of one or more cells that is capable of growth, reproduction, and response to stimuli like bacteria, plants, and animals.

Stable Ecosystem

An ecosystem that remains relatively constant in its composition of species and the transfer of energy over time, demonstrating resilience to disturbances.

Balanced Ecosystem

An ecological state where natural systems are in harmony, with stable populations and sustainable interactions among organisms and their environment.

Matter Cycle

The movement and exchange of organic and inorganic matter back into the production of living matter, involving processes like the carbon and nitrogen cycles.