Evaluation of ICFR includes which of the following financial reporting assertions (objectives): I. Occurrence II. Safeguarding III Completeness IV....

Question

Question

Evaluation of ICFR includes which of the following financial reporting assertions (objectives): I. Occurrence II. Safeguarding III Completeness IV....

Evaluation of ICFR includes which of the following financial reporting assertions (objectives):

I. Occurrence

II. Safeguarding

III Completeness

IV. Valuation

Group of answer choices

a. Only I, II and III are relevant

b. Only I, III and IV are relevant

c. Only II, III and IV are relevant

d. All of the above

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Ans: The correct option for the answer is option D i.e.Only I, III and IV are relevant i.e. Occurrence , completeness and valuation

Add a comment

Answer 2

Similar Homework Help Questions

A chemical change always involves a change in: I) appearance II) state III) composition IV) temperature...

A chemical change always involves a change in: I) appearance II) state III) composition IV) temperature answer choices: A) I and II B) I, II, IV C) III only D) II and IV E) all of the above
22. Auditors consider financial statement assertions to identify appropriate audit procedures. For items i through vi,...

22. Auditors consider financial statement assertions to identify appropriate audit procedures. For items i through vi, match each assertion with the statement that most closely approximates its meaning. Each statement may be used only once. (Use letters a. – f. below.) Assertion Statement i. Completeness ii. Cutoff iii. Existence and occurrence iv. Presentation and disclosure v. Rights and obligations vi. Valuation a.The company legally owns the assets, and are legally on the line for paying liabilities. b. Accounts receivable and...
Which of the following compounds would you expect to be antiaromatic? (i) cyclooctatetraene (ii) 1,3-cyclooctadiene (iii) cyclooctatetraenyl dianion (iv)

Which of the following compounds would you expect to be antiaromatic? (i) cyclooctatetraene (ii) 1,3-cyclooctadiene (iii) cyclooctatetraenyl dianion (iv) 1-ethenylcyclooctatetraene (v) 1,3,5,7-octatetraene Select one: a. i only b. i, ii, iv and v only c. iii only d. i and iv only e. all the above From my working I found i, ii, iv, and v to be non aromatic and iii to be aromatic. Is non aromatic the same as antiaromatic?

Question 4 (20 marks) During an examination of financial statements, an auditor verifies management’s assertions ie.existence,...

Question 4 (20 marks) During an examination of financial statements, an auditor verifies management’s assertions ie.existence, completeness, rights, valuation etc. In doing so, the auditor must choose the quality and quantity of evidence, and the timing of the tests to be performed. Required: (a) Select and justify your choice as to which of the followings are considered higher quality audit evidence: (i) Bank confirmation versus bank statement. (ii) Observation of inventory count on 31 October 2019 versus observation of inventory...
Which of the following are business processes? I. Compliance with environmental regulations II. Review and write-off...

Which of the following are business processes? I. Compliance with environmental regulations II. Review and write-off of delinquent loans III. Safeguarding of assets IV. Remittance of payroll taxes to the local and federal tax authority A) II only B) I and III only C) II and IV only D) I, II, III, and IV
19. Which of the following molecules are achiral? A) II, III B) I, II C) I, IV D) III, IV 20. How many stereogenic...

19. Which of the following molecules are achiral? A) II, III B) I, II C) I, IV D) III, IV 20. How many stereogenic centers are present in ephedrine, a bronchodilator and decongestant? ephedrine A) 0 B) 1 C) 2 D) 3 21. Rank the following groups in order of decreasing priority according to the Cahn-Ingold- Prelog system. -NH2 -NHCH3 -CH2NH2 CH2NHCH3 п V . A) B) I>II> III > IV II >I>IV > III II C II >I> III...

5. Which one of the following is nonaromatic? III IV I II A. IV B. I...

5. Which one of the following is nonaromatic? III IV I II A. IV B. I C. II D. III E. None 6. Which is the correct bond order for the C-C bonds in benzene? 1.0 20 1.25 1.75 1.5 1.5 20 10 A. III B. C. IV D. II E. None
Which of the following compounds have conjugated double bonds? I II III IV II and v...

Which of the following compounds have conjugated double bonds? I II III IV II and v II, IV, and v I and III I, III, and IV all of them
Which alkene would you expect to have the lowest heat of hydrogenation? III IV I II...

Which alkene would you expect to have the lowest heat of hydrogenation? III IV I II III IV Which pair does not represent a pair of resonance structures? and and and ШI IV and O I O II O III O IV All of these choices represent pairs of resonance structures.

Assertions: Evidence Types Existence Occurrence Accuracy Classification Cutoff Completeness Valuation/Allocation Rights/Obligations Presentation Inspection of documents/records Inspection...

Assertions: Evidence Types Existence Occurrence Accuracy Classification Cutoff Completeness Valuation/Allocation Rights/Obligations Presentation Inspection of documents/records Inspection of tangible assets Observation Scanning evidence Inquiry Confirmation Reperformance Recalculation Analytical Evidence Part 2: Assume you are the audit team for the audit of Waren Sports Supply (a client with a traditional information system, which you should be familiar with). Imagine that this is the first time you’ve audited them, so you need to develop your own audit programs to make sure important assertions...

Evaluation of ICFR includes which of the following financial reporting assertions (objectives): I. Occurrence II. Safeguarding III Completeness IV....

Homework Answers

Add Answer to:
Evaluation of ICFR includes which of the following financial reporting assertions (objectives): I. Occurrence II. Safeguarding III Completeness IV....

Post as a guest

Earn Coins

A chemical change always involves a change in: I) appearance II) state III) composition IV) temperature...

22. Auditors consider financial statement assertions to identify appropriate audit procedures. For items i through vi,...

Which of the following compounds would you expect to be antiaromatic? (i) cyclooctatetraene (ii) 1,3-cyclooctadiene (iii) cyclooctatetraenyl dianion (iv)

Question 4 (20 marks) During an examination of financial statements, an auditor verifies management’s assertions ie.existence,...

Which of the following are business processes? I. Compliance with environmental regulations II. Review and write-off...

19. Which of the following molecules are achiral? A) II, III B) I, II C) I, IV D) III, IV 20. How many stereogenic...

5. Which one of the following is nonaromatic? III IV I II A. IV B. I...

Which of the following compounds have conjugated double bonds? I II III IV II and v...

Which alkene would you expect to have the lowest heat of hydrogenation? III IV I II...

Assertions: Evidence Types Existence Occurrence Accuracy Classification Cutoff Completeness Valuation/Allocation Rights/Obligations Presentation Inspection of documents/records Inspection...

Evaluation of ICFR includes which of the following financial reporting assertions (objectives): I. Occurrence II. Safeguarding III Completeness IV....

Homework Answers

Add Answer to: Evaluation of ICFR includes which of the following financial reporting assertions (objectives): I. Occurrence II. Safeguarding III Completeness IV....

Post as a guest

Earn Coins

Add Answer to:
Evaluation of ICFR includes which of the following financial reporting assertions (objectives): I. Occurrence II. Safeguarding III Completeness IV....