The auditor is determining that the the correct selling price was used for billing and that the quantity of goods shipped was the same as the quantity billed.She is gathering evidence about which transaction related audit objective?
A)Existence
B)Completeness
C)Accuracy
D)Cut-off

Question

Quizplus · Accepted Answer

Accuracy relates to ensuring that transactions are recorded correctly and that the correct amounts are charged. In this case, the auditor is verifying that the correct selling price was used for billing, indicating an accuracy assertion. The other options (existence, completeness, and cut-off) do not relate to this specific audit objective.

The Auditor Is Determining That the The Correct Selling Price