KMC Electronics Company hires auditors at the year end Auditors-00126
KMC Electronics Company hires auditors at the year end. Auditors are at the stage of verification and vouching of company s financials. Before examining the equity section, they developed general aspects concerning the owner s equity. In your opinion, which one of the following aspects may NOT be considered by the auditors during this assessment?
This multiple choice question (MCQ) is related to the book/course
vu acc311 Fundamentals of Auditing.
It can also be found in
vu acc311 Mid Term - Quiz No.1.
KMC Electronics Company hires auditors at the year end. Auditors are at the stage of verification and vouching of company s financials. Before examining the equity section, they developed general aspects concerning the owner s equity. In your opinion, which one of the following aspects may NOT be considered by the auditors during this assessment?
Share capital is properly classified and described in the accounts
Assets of the company are properly classified and presented
Reserves are properly classified and presented
Movements in reserves are properly authorized
