A common test of details of balances procedure for notes payable is to examine duplicate copies of notes to determine whether notes were dated on or before the balance sheet date.Which audit assertion is this test of detail associated with?
A) allocation (accuracy)
B) allocation (cutoff)
C) existence
D) completeness
Correct Answer:
Verified
Q39: The audit objective requiring that existing notes
Q40: The audit objective to determine that existing
Q41: The test of details of balances procedure
Q42: If a company employs a capital stock
Q43: Kumar is the internal auditor of Tarragon
Q45: As part of the audit,the auditor may
Q47: First Global is a public company.You are
Q48: Describe the three objectives of the auditor's
Q49: What procedure can an auditor use to
Q67: The amount of time spent verifying owners'
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents