Auditors count investment securities held by the client primarily to test the ASB balance assertion of
A) Existence.
B) Rights and obligations.
C) Completeness.
D) Valuation.

Name: Auditors count investment securities held by the client primarily to test the ASB balance assertion of A) Existence. B) Rights and obligations. C) Completeness. D) Valuation.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Auditors count investment securities to verify that they actually exist, thereby testing the existence assertion.

Auditors Count Investment Securities Held by the Client Primarily to Test