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To assess the risk of misstatement, auditors design tests for Completeness Understandability Rights and obligations None...

To assess the risk of misstatement, auditors design tests for

Completeness
Understandability
Rights and obligations
None of the above
Business   Accounting   
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Answer #1

Completeness is to check whether all transactions and events that should have been recorded have been recorded.

Understandability is to check whether financial information is appropriately presented and described, and disclosures are clearly expressed.

Rights nad Obligations is to check whether financial information is appropriately presented and described, and disclosures are clearly expressed.

Ans) None of the above Option(D)

To assess the risk of misstatement, auditors design tests for all of the assertions Completeness, existanve, valuation, rights and obligations etc..

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