When auditing the balance of the general cash account, which of the following is NOT one of the most important objectives?
A) Completeness
B) Accuracy
C) Classification
D) Existence

Question

Quizplus · Accepted Answer

While classification is important in many aspects of financial reporting, it is not a primary objective when auditing the balance of the general cash account. The main objectives are to ensure that the cash balance actually exists, is accurate, and includes all transactions that should be recorded (completeness).

When Auditing the Balance of the General Cash Account, Which