
Tick and Bash Partners, the auditors of Alex Manufacturing Ltd, are performing a test to ensure that there are no omissions from the non-current asset register.
With respect to which one of the following assertions will this procedure provide audit evidence?
Select ONE answer:
- Completeness
- Accuracy, valuation and allocation
- Existence
- Classification
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 1
- Correct – Testing for omissions is the same as testing for completeness (i.e., saying that nothing has been omitted from the register means the same as saying the register is complete).
- Not correct
- Not correct
- Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.

You must be logged in to post a comment.