If the auditor is testing the reasonableness of depreciation expense for the year,which assertion is being tested?
A)Completeness.
B)Rights and obligations.
C)Existence.
D)Valuation.

Question

Quizplus · Accepted Answer

The assertion being tested when the auditor is evaluating the reasonableness of depreciation expense is Valuation, which ensures that assets and related expenses are appropriately recorded at their estimated values.

If the Auditor Is Testing the Reasonableness of Depreciation Expense