Multiple Choice
The test of details of balances procedure for PPE which requires 'examination of vendor's invoices and land titles and deeds' is done to satisfy which audit objective?
A) accuracy
B) classification
C) existence
D) rights
Correct Answer:

Verified
Correct Answer:
Verified
Q78: The primary documents used to test the
Q79: The primary accounting record for manufacturing equipment
Q80: A major consideration in verifying the ending
Q81: Which objective is not of vital importance
Q82: Recording of an acquisition of a fixed
Q84: Cash account is primarily affected by which
Q85: The starting point for the verification of
Q86: The procedure of comparing the total balance
Q87: Usually dividends are audited:<br>A) using variables sampling.<br>B)
Q88: Which of the following misstatements would result