Question 1
The test of details of balances procedure that requires the auditor to foot the outstanding check and electronic payment list and deposits in transit is an attempt to satisfy which audit objective?
◦ cutoff
◦ presentation and disclosure
◦ detail tie-in
◦ completeness
Question 2
The test of details of balances procedure that requires the auditor to trace the book balance on the reconciliation to the general ledger is an attempt to satisfy the audit objective of
◦ detail tie-in.
◦ existence.
◦ completeness.
◦ accuracy.