An auditor discovered the following errors and irregularities while performing tests of  controls: 1. Goods received on June 3 were never placed in the storeroom but instead were taken  to the receiving clerk’s home.  REQUIRED: a. To which financial statement assertion does each error or irregularity relate?  Answer : Rights and obligations - Can someone please explain to me why the answer is rights and obligation for assertion.

Q: State the appropriate audit opinion that the auditor would require.

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A: Please see the next step for the solution

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A: Requirement a:

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Q: An auditor discovered the following errors and irregularities while performing tests of controls:…

A:

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