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Which Would NOT Typically Be an Objective of a Financial

Question 28

Multiple Choice

Which would NOT typically be an objective of a financial statement audit?


A) Ensuring the existence of assets and liabilities and occurrence of income and expenses
B) Evaluating the economy and efficiency with which scarce resources are used
C) Verifying that all financial statement items are properly presented
D) Ensuring that the auditee owns the assets and is obligated to the extent of liabilities shown
E) Verifying the proper valuation of assets,liabilities,income,and expenses

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