The ASB balance audit objective related to valuation or accuracy is to determine whether proper values have been assigned to assets,liabilities,equities,revenues,and expenses.

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The statement accurately describes the ASB balance audit objective related to valuation or accuracy. The primary aim of this type of audit is to ensure that the financial statements accurately reflect the financial position and performance of the organization by checking the accuracy of the values assigned to various elements such as assets, liabilities, equities, revenues, and expenses.

The ASB Balance Audit Objective Related to Valuation or Accuracy