There Are Eight General Balance-Related Audit Objectives

question 99

Essay

There are eight general balance-related audit objectives.One is the existence objective, which deals with whether the amounts included in the financial statements should actually be included.Identify and discuss each of the remaining eight general balance-related audit objectives.

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Definitions:

Culture

The sum of attitudes, customs, and beliefs that distinguishes one group of people from another, transmitted from generation to generation.

Beliefs

Convictions or acceptance that certain things are true or real, often forming the basis of an individual's values and decisions.

Sociocultural Influences

The impact of societal and cultural factors, including traditions, norms, and values, on individuals' attitudes, behavior, and development.

Gender

The socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender diverse people.