The most important balance-related audit objectives in the audit of cash include all except which of the following?
A) existence
B) accuracy
C) completeness
D) occurrence

Question

Quizplus · Accepted Answer

The most important balance-related audit objectives in the audit of cash include existence, accuracy, and completeness. Occurrence is a relevant objective, but not one of the most important for the audit of cash. The objective of occurrence is to ensure that all recorded transactions actually occurred and pertain to the entity.

The Most Important Balance-Related Audit Objectives in the Audit of Cash