During an audit of a companys cash balance on a company with operations in only one country,
Question:
During an audit of a company’s cash balance on a company with operations in only one country, the auditor is most concerned with which management assertion?
a. Existence.
b. Rights and Obligations.
c. Valuation or Allocation.
d. Occurrence.
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a Correct Management is more likely to overstate assets and understate liabilities As a result when ...View the full answer
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Related Book For 
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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