Tests of details of balances are specific procedures intended to:
A) identify the details of the internal control system.
B) prove that the accounts with material balances are classified correctly.
C) prove that the trial balance is in balance.
D) test for monetary errors in the financial statements.

Question

Quizplus · Accepted Answer

Tests of details of balances are designed to detect monetary errors in the financial statements by verifying the accuracy of account balances.

Tests of Details of Balances Are Specific Procedures Intended To