AC 492 (AC492)

The specific audit objective that all purchases and cash disbursements made during the period were recorded relates to: existence or occurrence. presentation and disclosure. rights and obligations. completeness. 2. The use of the computer to compare production hours to direct labor hours on daily production reports relates to the: rights and obligations assertion. completeness assertion. existence or occurrence assertion. valuation or allocation assertion. 3. During the count of cash on hand,...

AC 492 Final Exam 1. The specific audit objective that all purchases and cash disbursements made during the period were recorded relates to: existence or occurrence. presentation and disclosure. rights and obligations. completeness. 2. The use of the computer to compare production hours to direct labor hours on daily production reports relates to the: rights and obligations assertion. completeness assertion. existence or occurrence assertion. valuation or allocation assertion. 3. During the ...