The test that proves the bank reconciliation to additions and subtractions, including all reconciling items, is an attempt to satisfy which audit objective?
A) completeness
B) detail tie-in
C) existence
D) accuracy

Question

Quizplus · Accepted Answer

The detail tie-in objective ensures that the details in the account balances agree with the total amounts in the financial statements, which is what the bank reconciliation process aims to verify.

The Test That Proves the Bank Reconciliation to Additions and Subtractions