MCQOPTIONS
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| 1. |
Which of the following is not true with regard to verification of assets? |
| A. | It invoices substantiation of occurrence of transactions |
| B. | Its objective is to establish existence, ownership, possession, valuation and disclosure of assets |
| C. | The auditor has to form an opinion on different aspects |
| D. | All are true |
| Answer» B. Its objective is to establish existence, ownership, possession, valuation and disclosure of assets | |