Which of the following management assertions is an...

Auditing Practice Questions Test 1 (Chapters 1-4) Test

Question Number 6

Which of the following management assertions is an auditor most likely testing if the audit objective states that all inventory on hand is reflected in the ending inventory balance?

A) The entity has rights to the inventory

B) Inventory is properly valued

C) Inventory is properly presented in the financial statements

D) Inventory is complete

✔ Correct Answer:

D) Inventory is complete

Related questions :

Learnexams makes simple learning tools that let you study anything. Start learning today with Real exams, Practice Tests and learning tools

About us

Terms and Conditions

Privacy Policy

Intellectual Property Rights

Refund policy

Copyright

Auditing Practice Questions Test 1 (Chapters 1-4) Test

Question Number 6

Count Down:

Related questions :