The test of details of balance procedure which requires the auditor to account for unused inventory tag numbers to make sure none have been deleted is associated with the audit objective of
A) accuracy.
B) existence.
C) detail tie-in.
D) completeness.

Question

Quizplus · Accepted Answer

The test of details of balance procedure which requires the auditor to account for unused inventory tag numbers to make sure none have been deleted is associated with the completeness audit objective. This is because the procedure is designed to ensure that all inventory items have been included in the count and that none have been removed without being recorded.

The Test of Details of Balance Procedure Which Requires the Auditor