In auditing equity accounts,the auditor primarily focuses on which of the following two assertions?
A)Valuation and completeness.
B)Valuation and existence.
C)Presentation and disclosure and valuation.
D)Presentation and disclosure and completeness.

Question

Quizplus · Accepted Answer

In auditing equity accounts, the auditor primarily focuses on the assertions of presentation and disclosure and valuation. This is because it's crucial to ensure that equity transactions are properly valued and accurately presented and disclosed in the financial statements, in accordance with the applicable financial reporting framework.

In Auditing Equity Accounts,the Auditor Primarily Focuses on Which of the Following