The test of details of balances procedure which requires a "recalculation of investment credit" satisfies the audit objective of:
A) classification.
B) detail tie-in.
C) existence.
D) accuracy.

Question

Quizplus · Accepted Answer

Recalculation of investment credit will help the auditor to ensure that the amount of calculation is accurately recorded in the financial statements. Therefore, it satisfies the audit objective of accuracy.

The Test of Details of Balances Procedure Which Requires a "Recalculation