Which Balance-Related Audit Objective Is Not Relevant to an Audit

question 89

Multiple Choice

Which balance-related audit objective is not relevant to an audit of prepaid expenses?

• A)Rights
• B)Accuracy
• C)Detail tie-in
• D)Realizable value

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Definitions:

Graphic Warnings

Visual health warnings found on product packaging, aimed at informing consumers of the risks associated with use, often used for cigarettes.

Biologically Magnified

Refers to the process by which the concentration of toxic substances increases in each successive link in the food chain.

Trophic Level

The position an organism occupies in a food chain, determined by its feeding relationships.

Bacteria

Single-celled organisms that can exist either as independent (free-living) entities or as parasites (dependent upon another organism for life).