In the acquisition and expenditure process,the auditor gathers evidence to evaluate management's assertions about the presentation and disclosure of the accounts in the business process.These assertions are
A)Occurrence and rights and obligations - disclosed events and transactions are expressed and pertain to the company.
B)Completeness - all disclosures that should have occurred have occurred.
C)Classification and understandability - financial information is appropriately expressed and described.Disclosures are clearly presented.
D)Accuracy and valuation - financial information and all other information is disclosed fairly and at the appropriate amounts.
E)Existence or occurrence - for classes of transactions.

Question

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The Answer of In the acquisition and expenditure process,the auditor gathers evidence to evaluate management's assertions about the presentation and disclosure of the accounts in the business process.These assertions are
A)Occurrence and rights and obligations - disclosed events and transactions are expressed and pertain to the company.
B)Completeness - all disclosures that should have occurred have occurred.
C)Classification and understandability - financial information is appropriately expressed and described.Disclosures are clearly presented.
D)Accuracy and valuation - financial information and all other information is disclosed fairly and at the appropriate amounts.
E)Existence or occurrence - for classes of transactions.

In the Acquisition and Expenditure Process,the Auditor Gathers Evidence to Evaluate