The test of details of balances procedure for PPE which requires 'examination of vendor's invoices and land titles and deeds' is done to satisfy the audit objective of:
A) rights.
B) classification.
C) accuracy.
D) existence.

Question

Quizplus · Accepted Answer

The examination of vendor's invoices and land titles and deeds is done to verify the ownership rights of the company over the PPE. Therefore, the audit objective being satisfied by this procedure is the objective of rights.

The Test of Details of Balances Procedure for PPE Which