What Is the Overall Objective in the Audit of Accounts

question 59

Multiple Choice

What is the overall objective in the audit of accounts payable?

• A) to determine if the balance accurately stated
• B) to determine if the balance is understated
• C) to determine if the balance is fairly stated and properly disclosed
• D) to determine if the balance is overstated

---

Definitions:

Cared-For Party

An individual or group for whom someone has a responsibility to provide care or protection.

Absolutism

A political theory granting unlimited power to the ruler, often associated with monarchies where the monarch's authority is not restricted by laws or opposition.

Theory Of Business Ethics

An examination of moral principles and problems that arise in a business environment.

Ethics Of Care

A philosophy that emphasizes the importance of caring for and maintaining relationships with others as a moral obligation.