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

question 61

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

---

Definitions:

High-tech

Referring to industries or products involving the latest technology, often in the fields of electronics, computers, and biotechnology.

Health Care

The maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of disease, illness, injury, and other physical or mental impairments in people.

Labor-intensive Business

A business that requires a high level of manual labor input compared to capital investment, typically characterized by a significant proportion of operational costs being attributed to human labor.

Capital-intensive Business

A type of business that requires significant investment in capital assets like machinery and equipment, often associated with manufacturing industries.