From the list of assertions provided, select the relevant assertion(s) to each control objective. There are controls in place that will prevent or detect the omission of transactions from the books and records of the organization. Oaccuracy occurrence Ocut-off a completeness O rights and obligations O accuracy, valuation and allocation Oexistence Oclassification There are controls in place to ensure that the correct amounts are assigned to the transactions. O classification O occurrence O completeness O cut-off accuracy, valuation and allocation O existence O rights and obligations O accuracy
From the list of assertions provided, select the relevant assertion(s) to each control objective. There are controls in place that will prevent or detect the omission of transactions from the books and records of the organization. Oaccuracy occurrence Ocut-off a completeness O rights and obligations O accuracy, valuation and allocation Oexistence Oclassification There are controls in place to ensure that the correct amounts are assigned to the transactions. O classification O occurrence O completeness O cut-off accuracy, valuation and allocation O existence O rights and obligations O accuracy
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash And Marketable Securities
Section: Chapter Questions
Problem 26MCQ
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