When the auditor is determining whether the client followed a consistent depreciation policy from period to period, and the client's depreciation calculations are correct, the balance-related audit objective of ________ is being determined for depreciation expense.
A) completeness
B) existence
C) classification
D) accuracy

Question

Quizplus · Accepted Answer

The accuracy objective relates to determining whether the amounts and other data related to accounting transactions and events have been recorded appropriately. In this case, the auditor is ensuring that the client's depreciation calculations are correct, which falls under the accuracy objective for depreciation expense. Choices A, B, and C are not applicable in this scenario.

When the Auditor Is Determining Whether the Client Followed a Consistent