The objective in an auditor's review of credit ratings of a client's customers is to obtain evidence related to management's financial statement assertion about
A) Completeness.
B) Existence.
C) Valuation and allocation.
D) Rights and obligations.
E) Occurrence.

Question

Quizplus · Accepted Answer

The review of credit ratings is related to the valuation and allocation assertion, as it helps assess the collectability of receivables and the appropriate valuation of accounts receivable in the financial statements.

The Objective in an Auditor's Review of Credit Ratings of a Client's