The Auditor Traces Items from the Journals Back to the Source

question 84

Multiple Choice

The auditor traces items from the journals back to the source documents in order to satisfy the:

• A) completeness objective.
• B) existence objective.
• C) valuation objective.
• D) ownership objective.

---

Definitions:

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.

Buyer Power

The influence that customers have over a producing industry, often determining the market value and ensuring that services and products meet their needs.

Buyers

Individuals or entities that purchase goods or services for personal use or organizational needs.

Choices

The range of different options or decisions from which an individual can select or make a decision.