Tests of transactions are used to determine whether _ ________ have been satisfied.
A) compliance test requirements.
B) transaction- related audit objectives.
C) balance coverage requirements.
D) existence assertions.

Question

Quizplus · Accepted Answer

Transaction-related audit objectives are what tests of transactions aim to determine if they have been satisfied. These objectives relate to the accuracy, completeness, and validity of the transactions recorded during a period.

Tests of Transactions Are Used to Determine Whether _ ________