Which of the following presentation and disclosure-related audit objectives has a matching transaction-related audit objective,but not a matching balance-related audit objective?
A)accuracy
B)classification
C)occurrence
D)completeness

Question

Quizplus · Accepted Answer

Classification has a direct counterpart in transaction-related audit objectives, focusing on ensuring transactions are recorded in the appropriate accounts, but it does not have a direct balance-related audit objective counterpart, as balance objectives focus more on the existence, rights and obligations, completeness, and valuation of account balances at the period end.

Which of the Following Presentation and Disclosure-Related Audit Objectives Has