In Auditing Investments, Auditors May Compare Current-Year and Prior-Year Balances

In auditing investments, auditors may compare current-year and prior-year balances or compare actual results for the amount of investments and investment income with budgets or the documentation of management's plans. Unexpected differences would would be least likely to pertain to assertions about:

A) existence of occurrence.
B) completeness.
C) rights and obligations.
D) valuation or allocation.
E) presentation and disclosure.

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