The following audit procedure tests primarily which balance- related audit objective for accounts receivable: Confirm accounts receivable, using positive confirmations.
A) Existence
B) Completeness
C) Classification
D) All of the above

Question

Quizplus · Accepted Answer

Confirming accounts receivable using positive confirmations tests the existence objective, which ensures that the accounts receivable actually exists and is valid. It does not test completeness or classification.

The Following Audit Procedure Tests Primarily Which Balance- Related Audit