The primary audit objectives to focus on when auditing accounts in the capital acquisition and repayment cycle are
A) accuracy and completeness.
B) accuracy and existence.
C) completeness and valuation.
D) accuracy and valuation.

Question

Quizplus · Accepted Answer

The primary audit objectives in the capital acquisition and repayment cycle are accuracy and completeness, ensuring that all transactions are recorded correctly and that all liabilities are accounted for.

The Primary Audit Objectives to Focus on When Auditing Accounts