27 When th e auditor vouches credits to confirmed accounts r

27. When th e auditor vouches credits to confirmed accounts receivable subsequent to the balance sheet date by inspecting remittance advices and bank deposits, she is most likely addressing the a. presentation and disclosure assertion. b. completeness assertion. c. valuation or allocation assertion. d. rights and obligations assertion

Solution

When the auditor vouches credits to confirmed accounts receivable subsequent to the balance sheet date by inspecting remittance advices and bank deposits she is most likely addressing the Valuation or allocation assertion

So answer is c) Valuation and allocation assertion