Multiple Choice
The following audit procedure tests primarily which balance- related audit objective for accounts receivable: Inquire of management whether there are any related- party loans.
A) Existence
B) Completeness
C) Classification
D) All of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Assess control risk for accounts receivable is
Q26: Design and perform analytical procedures for accounts
Q72: The most important test of details of
Q74: A customer mails and records a cheque
Q76: The audit working papers often include a
Q83: In confirming accounts receivable balances, the auditor
Q85: A high acceptable audit risk will permit
Q86: Tests of details of balances focus on
Q88: For most audits, inherent risk for accounts
Q127: Discuss the audit procedures performed when testing