What is true about testing of disclosures


Question: Which of the following is true about testing of disclosures? Group of answer choices Testing disclosures involves evaluating whether the amounts comprising account balances, classes of transactions, and disclosures are supported by verbal, physical, or electronic evidence through inquiry, examination, observation, and/or external confirmation, reperformance and/or recalculation. It may involve testing the assertion "Presentation, including Understandability" A & B None of these

 

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Accounting Basics: What is true about testing of disclosures
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