Which of the following audit objectives was derived from the management assertion of rights and obligations? (a)

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Which of the following audit objectives was derived from the management assertion of rights and obligations?

(a) Stock quantities include all products, materials and supplies on hand.

(b) Liens on the stocks are properly disclosed in the notes to the financial statements.

(c) The entity has legal title to the stocks.

(d) Stocks are properly classified in the balance sheet as current assets.

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Modern Auditing

ISBN: 9780471230113

1st Edition

Authors: Graham Cosserat

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Question Posted: May 05, 2024 05:01 AM

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Which of the following audit objectives was derived from the management assertion of rights and obligations? (a)

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Modern Auditing

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