Question

An auditor inspects a client’s investment records to determine that any transfers between categories of investments have been properly recorded. The primary purpose of this procedure is to obtain evidence concerning relevant financial statement assertions about ____

Answer 1

Answer:Explained below

Explanation:

Auditor is one who conducts audit.Auditors are professionals who evaluate  the reports of companies to safeguard the rationality and legality of their financial records. They can also take action in consulting role to recommend possible risks .

The primary Purpose could be Classification and Understandability & Valuation and Allocation of resources or assets