The Three Audit Assertions That Are Important to Ensure the Auditor

question 3

Multiple Choice

The three audit assertions that are important to ensure the auditor has gained sufficient and appropriate audit evidence for sales revenue are:

• A)cut-off,accuracy and completeness.
• B)completeness,accuracy and occurrence.
• C)occurrence,accuracy and cut-off.
• D)classification,accuracy and completeness.

Differentiate between appropriate and inappropriate guidelines for creating grouped frequency distribution tables.

Recognize the significance of accurately representing data through the number of intervals in a frequency distribution table.

Grasp the basic concepts of distribution including variability, symmetry, modality, and directionality.

Understand the APA guidelines for constructing figures such as bar charts and frequency polygons.

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Definitions:

Intentional Intrusion

Deliberate entry or infringement upon another's privacy or property without consent or legal justification.

Reasonable Person

A legal standard representing how a typical person, with ordinary prudence, would act in certain circumstances.

Constitution

The system of fundamental principles or established precedents according to which a state or other organization is governed.

Privacy Rights

The rights of individuals to have their personal information, activities, and communications kept confidential and protected from unauthorized access or disclosure.