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Author Question: Which of the following audit tests would provide evidence regarding the balance-related audit ... (Read 59 times)

Deej

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Question 1

Which balance-related audit objective is important for uncovering both errors and fraud?
◦ completeness
◦ existence
◦ accuracy
◦ detail tie-in

Question 2

Which of the following audit tests would provide evidence regarding the balance-related audit objective of existence for an audit of notes payable?
◦ Examine due dates on duplicate copies of notes.
◦ Examine balance sheet for proper presentation and disclosure of notes payable.
◦ Examine corporate minutes for loan approval.
◦ Foot the notes payable list for notes payable and accrued interest.


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Marked as best answer by Deej on Aug 21, 2022

Snabbey

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Deej

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Reply 2 on: Aug 21, 2022
Gracias!


cam1229

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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