The audit procedure which requires the auditor to record the last check number used on the last day of the year and subsequently trace to the outstanding checks and the cash disbursements records is performed to satisfy the audit objective of
A) detail tie-in.
B) existence.
C) completeness.
D) cutoff.

Question

Quizplus · Accepted Answer

This audit procedure is aimed at ensuring that transactions are recorded in the correct accounting period, which aligns with the cutoff audit objective. It helps verify that checks written near the year-end are recorded in the proper period, ensuring accurate period-end liabilities and expenses.

The Audit Procedure Which Requires the Auditor to Record the Last