In the Acquisition and Expenditure Process,the Auditor Gathers Evidence to Evaluate

question 64

Multiple Choice

In the acquisition and expenditure process,the auditor gathers evidence to evaluate management's assertions about the presentation and disclosure of the accounts in the business process.These assertions are.

• A)Occurrence and rights and obligations - disclosed events and transactions are expressed and pertain to the company.
• B)Completeness - all disclosures that should have been made have been made.
• C)Classification and understandability - financial information is appropriately expressed and described.Disclosures are clearly presented.
• D)Accuracy and valuation - financial information and all other information is disclosed appropriately and at fair amounts.
• E)Existence or occurrence - for classes of transactions.

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