In a tour of a client's manufacturing facility,the auditor is most likely attempting to satisfy the which of the following assertions related to long-lived assets?
A)cutoff.
B)existence.
C)rights.
D)presentation.

Question

Quizplus · Accepted Answer

By touring the manufacturing facility, the auditor is attempting to satisfy the assertion of existence, that the long-lived assets actually exist and are owned by the client. Cutoff, rights, and presentation assertions are not directly related to a physical tour of the facility.

In a Tour of a Client's Manufacturing Facility,the Auditor Is