Which balance-related audit objective is important for uncovering both errors and fraud?
A) completeness
B) existence
C) accuracy
D) detail tie-in

Name: Which balance-related audit objective is important for uncovering both errors and fraud? A) completeness B) existence C) accuracy D) detail tie-in
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

Completeness is important for uncovering both errors and fraud because it ensures that all transactions have been recorded. If a transaction is not recorded, it can be difficult to detect errors or fraud.

Which Balance-Related Audit Objective Is Important for Uncovering Both Errors