[CPApracticer]

Hey guys I am missing a page to my answer key, i am certain about the other questions, but this question has me unsure. Was wondering if anyone can help. Thank you

in testing plant and equipment balances, an auditor may physically inspect new additions listed on the summary of plant and equipment transactions for the year. This procedure is designed to obtain evidence concerning management’s assertions about classes of transactions and events, and specifically, which assertion?

a. occurance

b. cutoff

c. authorization

d. classification

F: 54 (4/13) 60 (4/14) 67 (9/14) 66 (10/14) 63 (11/15) 79 (2/16) PASSED
A: 60 (5/13) 80 (4/16) PASSED
R: 60 (7/13) 61 (2/15) 70 (4/15) 77 (7/15) PASSED
B: (6/16)

[CPApracticer]

either A or D

F: 54 (4/13) 60 (4/14) 67 (9/14) 66 (10/14) 63 (11/15) 79 (2/16) PASSED
A: 60 (5/13) 80 (4/16) PASSED
R: 60 (7/13) 61 (2/15) 70 (4/15) 77 (7/15) PASSED
B: (6/16)

[Youngbizman]

A

[jenuno01]

A

Class of 2012

[ROACH]

C

BEC: 66 | 69 | 7/23/2013
AUD: 8/28/2013
REG:
FAR:

[jenuno01]

@ROACH I was unaware Authorization was an assertion…wouldn't it be considered an Internal Control?

Class of 2012

[Anonymous]

D I think or A

[hopefulcpa28]

I'm confused between A and D as well, I want to say D, but I'm sure it should be A.

[Author]

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