The tests of details of balances procedure which requires the auditor to trace the totals of the notes payable list to the general ledger satisfies the audit objective of
A) accuracy.
B) existence.
C) detail tie-in.
D) completeness.

Question

Quizplus · Accepted Answer

Tracing the totals of the notes payable list to the general ledger ensures that the details tie in with the recorded amounts in the general ledger, which is the audit objective of detail tie-in. This test does not necessarily address the other audit objectives of accuracy, existence, or completeness.

The Tests of Details of Balances Procedure Which Requires the Auditor