If an auditor is performing procedures related to the information that is contained in the client's pension footnote, he/she is most likely to obtain evidence concerning management's assertion about:
A)rights and obligations.
B)existence.
C)valuation.
D)presentation and disclosure.

Question

Quizplus · Accepted Answer

The information contained in the client's pension footnote is related to the presentation and disclosure of the client's pension plan. Therefore, the auditor would obtain evidence concerning management's assertion about presentation and disclosure. This would include ensuring that the information contained in the pension footnote is complete, accurate, and in compliance with the relevant accounting standards.

If an Auditor Is Performing Procedures Related to the Information