In the audit of accrued property taxes, the two most important balance-related audit objectives are completeness and accuracy.

Question

Quizplus · Accepted Answer

Completeness and accuracy are both important balance-related audit objectives when auditing accrued property taxes. Completeness ensures that all property taxes that have been incurred and should be recorded as a liability are included in the balance, while accuracy ensures that the amount recorded is correct and reflects the actual amount owed.

In the Audit of Accrued Property Taxes, the Two Most