The classification balance-related audit objective
A)involves determining if items included on a client's listing are included in the correct general leger accounts.
B)is the counterpart to the management assertion of completeness.
C)involves determining if items included on a client's listing are disclosed properly in the financial statements.
D)involves tying in the account balances to the general ledger.

Question

Quizplus · Accepted Answer

The classification balance-related audit objective involves ensuring that items are recorded in the correct accounts, aligning with the management assertion of classification.

The Classification Balance-Related Audit Objective