Which of the Following Objectives Is Usually the Focus in Auditing

question 136

Multiple Choice

Which of the following objectives is usually the focus in auditing cash balances?

• A) existence, completeness, and cutoff
• B) completeness, accuracy, and detail tie-in
• C) existence and completeness
• D) existence, completeness, accuracy, and detail tie-in

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Definitions:

Land Use Restriction

Regulations that govern how land can be used in specific areas to control development and preserve the environment.

Diminishes Value

Refers to any action or occurrence that lessens or reduces the worth or perceived worth of something, often used in legal and commercial contexts.

Governmental Taking

In law, the act of a government seizing private property for public use, often with compensation to the owner.

Unconstitutional Conditions

The principle that the government cannot condition the receipt of a government benefit or the ability to participate in a government program upon the waiver of a constitutionally protected right.