Which of the following objectives is usually the focus in auditing cash balances?
A) existence, completeness, and cutoff
B) completeness, accuracy, and detail tie-in
C) existence and completeness
D) existence, completeness, accuracy, and detail tie-in

Question

Quizplus · Accepted Answer

When auditing cash balances, the primary objectives are to determine the existence, completeness, accuracy, and detail tie-in of cash balances. Therefore, the best choice is D, which includes all four objectives as options.

Which of the Following Objectives Is Usually the Focus in Auditing