Question: 1. When two auditors reach the same conclusions about an information then which of the following quality is satisfied by the information? a. comparability. b.

1. When two auditors reach the same conclusions about an information then which of the following quality is satisfied by the information? a. comparability. b. neutrality. c. understandability. d. verifiability. a. comparability. b. neutrality. c. understandability. d. verifiability. Which of the following are the three essential criteria in the definition of an asset: I. Control. IV. Past event. II. Future economic benefits. V. Legal ownership. III. Past obligation. VI. Present obligation a. I, III, VI. b. II, IV, VI. c. I, II, IV. d. I, III, V. a. I, III, VI. b. II, IV, VI. c. I, II, IV. d. I, III, V

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