The classification balance-related audit objective
A) involves determining if items included on a client's listing are included in the correct general ledger accounts.
B) is the counterpart to the management assertion of completeness.
C) involves determining if items included on a client's listing are disclosed properly in the financial statements.
D) involves tying in the account balances to the general ledger.

Question

Quizplus · Accepted Answer

The classification balance-related audit objective involves ensuring that transactions and balances are recorded in the appropriate accounts, which aligns with choice A, where it's about determining if items are included in the correct general ledger accounts.

The Classification Balance-Related Audit Objective