Tests of details of balances are specific procedures intended to
A) identify the details of internal controls.
B) prove that the accounts with material balances are classified correctly.
C) test for monetary errors in the financial statements.
D) prove that the trial balance is in balance.

Question

Quizplus · Accepted Answer

Tests of details of balances are specifically designed to identify monetary errors in financial statements. The other options are not specific to the purpose of these tests.

Tests of Details of Balances Are Specific Procedures Intended to