When the current year's unaudited trial balance is compared to the prior year's audited trial balance:
A) discrepancies become apparent.
B) irregularities become apparent.
C) changes become apparent.
D) errors become apparent.

Question

Quizplus · Accepted Answer

Comparing the current year's unaudited trial balance to the prior year's audited trial balance will show changes in account balances from year to year. It may also highlight any account balances that were missed or improperly adjusted during the prior year's audit. However, this comparison alone will not necessarily reveal discrepancies, irregularities or errors.

When the Current Year's Unaudited Trial Balance Is Compared to the Prior