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

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Definitions:

Conservation Projects

Initiatives designed to preserve, protect, or restore natural environments and wildlife.

CITES

The Convention on International Trade in Endangered Species of Wild Fauna and Flora, an international agreement aimed at ensuring that international trade in specimens of wild animals and plants does not threaten their survival.

Industrial-Medical Revolution

A significant change in the industry and medicine, marked by technological advancements and its impact on human health and the economy.

Coal-Mining Jobs

Employment opportunities in the sector that extracts coal from the Earth.