Question: Which assertion does not have to be tested when you are testing fuel expense? a. Completeness b. Presentation c. Cut-off d. None of them have

Which assertion does not have to be tested when you are testing fuel expense?

Completeness

Presentation

Cut-off

None of them have to be tested

All of them have to be tested

What is the role of auditors in the preparation of the financial statements?

They assist management in preparing the financials

They assist the board of directors in preparing the financials

Both A and B

None of the above

You selected a sample of invoices sent to your client by different vendors. You ensured that the corresponding purchases were recorded in the clients books. This best describes a test for which assertion?

Existence

Accuracy

Presentation

None of the above

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