What Are Relevant Assertions

question 31

Multiple Choice

What are relevant assertions?

• A)relevant assertions are the assertions related to the income statement or balance sheet account that must be correct if the auditor says the financial statements are materially correct
• B)relevant assertions are the assertions related to the income statement or balance sheet account that should be correct if the auditor says the financial statements are not materially misstated
• C)relevant assertions are the assertions related to the balance sheet account that must be correct if the auditor says the financial statements are materially correct
• D)relevant assertions are the assertions related to the income statement account that should be correct if the auditor says the financial statements are materially correct
• E)A and B

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Definitions:

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