When testing for accuracy, an auditor searchfor evidence:
A) to verify that a recorded transaction or event took place and relates to the entity.
B) that all disclosures that should have been included in the financial statements have been included.
C) that transactions and events have been recorded at appropriate amounts.
D) to verify that recorded assets are owned by the entity.

Question

Quizplus · Accepted Answer

Accuracy in auditing refers to ensuring that transactions and events have been recorded at appropriate amounts, which is what option C addresses.

When Testing for Accuracy, an Auditor Searchfor Evidence