The Term Audit Objective Refers to All of the Following
The term audit objective refers to all of the following except for:
A) transaction-related audit objectives.
B) presentation and disclosure-related audit objectives.
C) balance-related audit objectives.
D) cycle-related audit objectives.
When an auditor is determining what information to include in the notes to the financial statements relating to bonds payable,he is concerned with the transaction-related audit objectives.
Which of the following is not one of the three categories of assertions?
A) Assertions about classes of transactions and events for the period under audit
B) Assertions about financial statements and correspondence to GAAP
C) Assertions about account balances at period end
D) Assertions about presentation and disclosure
If a short-term note payable is included in the accounts payable balance on the financial statement,there is a violation of the:
A) completeness assertion.
B) existence assertion.
C) cutoff assertion.
D) classification assertion.