Which describes the primary purpose of audit procedures

Assignment Help Financial Accounting

Reference no: EM132775443

Problem 1: An auditor most likely will review an entity's periodic accounting for the numerical sequence of shipping documents and invoices to support management's financial statement assertion of

A. Existence or occurrence C. Valuation or allocations

B. Rights and obligations D. Completeness

Problem 2: Which of the following best describes the primary purpose of audit procedures?

A. To conform with GAAP.

B. To detect error or fraud.

C. To gather evidence to support auditor's opinion.

D. To verify accuracy of account balance.

Reference no: EM132775443

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