54. What do auditors do when considering rights and obligations? A. Gather evidence to verify that recorded assets are owned by the entity and recorded liabilities represent commitments of the entity B. Search for evidence to verify that asset, liability, and equity items on the balance sheet actually exist. C. Search for assets, liabilities, and equity items to ensure they have been recorded. D. Search for evidence that assets, liabilities, and equity items have been recorded at appropriate amounts. 55. 56. Which of the following is a listing of details of the audit procedures to be used when testing controls and when conducting detailed substantive audit procedures? A. Audit data analytics B. Accounting records C. Analytical procedures D. Audit program Auditors gathering evidence that transactions and events have been recorded at appropriate amounts consider A. accuracy B. occurrence C. completeness D. classification When considering classification, auditors gather evidence that transactions and events have been recorded A. in the proper accounts B. in the correct accounting period C. at appropriate amounts D. alongside equity interests The responsibility of ensuring sufficient appropriate audit evidence is gathered to arrive at an opinion is A. the responsibility of the auditor B. the responsibility of management C. a joint responsibility between management and the auditor D. a function of internal control 57. 58