The Most Important Balance-Related Audit Objectives in the Audit of Cash

question 138

Multiple Choice

The most important balance-related audit objectives in the audit of cash include all except which of the following?

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

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Definitions:

Bush Administration

Refers to the period during which George H.W. Bush (1989–1993) or George W. Bush (2001–2009) served as the President of the United States, characterized by its respective domestic and foreign policies.

Housing Prices

The cost at which residential properties are bought and sold, influenced by factors such as location, demand, and economic conditions.

Worldwide Recession

A period of global economic downturn characterized by reduced industrial activity, unemployment, and decreased spending and investment.

Barack Obama

He served as the 44th President of the United States from 2009 to 2017, and is noted for being the first African American to hold the office.