Which Are the Two Audit Assertions Considered Most Important to the Auditor

question 3

Multiple Choice

Which are the two audit assertions considered most important to the auditor concluding there are no material misstatements in trade receivables at year-end?

• A)Occurrence and rights and obligations
• B)Valuation and allocation,and rights and obligations
• C)Existence and occurrence
• D)Existence and valuation and allocation

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