An audit team's purpose in reviewing the documentation concerning the renewal of a note payable shortly after the balance-sheet date most likely is to obtain evidence concerning management's assertions about:
A)existence.
B)valuation.
C)completeness.
D)classification.

Question

Quizplus · Accepted Answer

The Answer of An audit team's purpose in reviewing the documentation concerning the renewal of a note payable shortly after the balance-sheet date most likely is to obtain evidence concerning management's assertions about:
A)existence.
B)valuation.
C)completeness.
D)classification.

An Audit Team's Purpose in Reviewing the Documentation Concerning the Renewal