ICAEW ARF · Chapter 7 · Question 6 of 11
An auditor obtains an official copy of the title register from HM Land Registry for a freehold property owned by a UK client. Which assertion does this mainly support?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Rights and obligations
Explanation
The title register shows who owns the property, so it provides evidence that the entity holds the rights to the asset. It does not show the property's value, which would require evidence such as a valuation report or depreciation calculations. It also does not show whether all properties have been recorded.
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