The Classification Balance-Related Audit Objective

question 14

Multiple Choice

The classification balance-related audit objective

• A) involves determining if items included on a client's listing are included in the correct general ledger accounts.
• B) is the counterpart to the management assertion of completeness.
• C) involves determining if items included on a client's listing are disclosed properly in the financial statements.
• D) involves tying in the account balances to the general ledger.

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Definitions:

Visual Data

Information presented in a visual form, such as charts, graphs, and maps, to facilitate understanding and analysis.

Graphics

Visual elements such as charts, diagrams, and images used to complement text, making content more engaging and understandable.

Segmented Bar Chart

A visual representation of categorical data divided into sub-parts to show how different sections contribute to a whole.

Stacked Bar Chart

A graphical representation of data where different bars are placed on top of each other to show the total of various categories.