The following audit procedure tests primarily which balance- related audit objective for accounts receivable: Inquire of management whether there are any related- party loans.
A) Existence
B) Completeness
C) Classification
D) All of the above.

Question

Quizplus · Accepted Answer

Inquiring about related-party loans primarily tests the classification objective, ensuring that accounts receivable are properly classified and disclosed in the financial statements.

The Following Audit Procedure Tests Primarily Which Balance- Related Audit