Auditing & Assurance Services 7th Edition by Timothy Louwers Test bank

 

A.	Occurrence

 

B.	Completeness

 

C.

Cutoff

 

D.

Accuracy

 

28.	The audit objective that all transactions are recorded in the proper account is related most closely to which one of the ASB transaction assertions?      A.  Occurrence   B.  Completeness   C.  Accuracy   D.  Classification

 

29.	The audit objective that all balances include items owned by the client is related most closely to which one of the ASB balance assertions?      A.  Existence   B.  Rights and obligations   C.  Completeness   D.  Valuation

 

30.	The audit objective that all balances include all items that should be recorded in that account is related most closely to which one of the ASB balance assertions?      A.  Existence   B.  Rights and obligations   C.  Completeness   D.  Valuation