When the Auditor Is Determining Whether the Client Followed a Consistent

question 89

Multiple Choice

When the auditor is determining whether the client followed a consistent depreciation policy from period to period, and the client's depreciation calculations are correct, the balance-related audit objective of ________ is being determined for depreciation expense.

• A) completeness
• B) existence
• C) classification
• D) accuracy

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Definitions:

Guiding Principle

Fundamental norms, rules, or values that represent what is desirable and positive for a person, group, organization, or community, and help it in its decision making.

Solving Problems

The method of identifying answers to challenging or intricate problems.

Algorithm

A set of rules or procedures to be followed in calculations or problem-solving operations.

Step-By-Step Procedure

A detailed series of actions or instructions laid out in order to accomplish a specific task or process.