Discussions with the owner-manager of an entity under audit reveal to the auditor that the company is more concerned with minimizing its income tax payments than maximizing income. Based on this information, which management assertion will the auditor be most concerned about verifying with regard to sales revenue?
A) Existence and occurrence.
B) Completeness.
C) Rights and obligations.
D) Valuation.
Answer: B) Completeness.
Business
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What will be an ideal response?
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What are the qualifications on a government's power to make laws?
A) The laws must be in accordance with the principles of the Charter of Rights and Freedoms. B) The laws must be confirmed by the Supreme Court of Canada. C) The government must be entitled to pass the legislation under the division of powers section of the Constitution. D) Both A and B E) Both A and C
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