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

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Definitions:

Syllogism Validity

A measure of whether a deductive argument is logically structured such that, if its premises are true, its conclusion must also be true.

Enthymeme

A syllogism in which a premise is not explicitly stated, leaving it to be understood by the listener or reader.

Missing Premise

An implicit assumption or statement that is necessary for an argument's conclusion but is not explicitly stated.

Syllogism Form

A form of deductive reasoning where a conclusion is derived from two premises, typically structured in a three-line argument.