Author Question: Auditors often integrate procedures for presentation and disclosure objectives with (Read 50 times)

Maddie9229 · **on:** Aug 21, 2022

Question 1

An auditor is reconciling the amounts included in the long-term debt footnotes to the information examined and supported in the audit files for long-term debt. Which audit objective is being satisfied?
◦ accuracy and valuation
◦ occurrence and rights and obligations
◦ completeness
◦ classification and understandability

Question 2

Auditors often integrate procedures for presentation and disclosure objectives with
◦

Tests for transaction-related objectives	Tests for balance-related objectives
Yes	Yes

◦

Tests for transaction-related objectives	Tests for balance-related objectives
No	No

◦

Tests for transaction-related objectives	Tests for balance-related objectives
Yes	No

◦

Tests for transaction-related objectives	Tests for balance-related objectives
No	Yes

Sha · **Reply #1 on:** Aug 21, 2022

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