Final answer:
The general balance-related audit objective that addresses the accuracy of account balance details, their agreement with master file amounts, and their inclusion in the general ledger is correctly identified as the detail tie-in objective, and the statement is True.
Step-by-step explanation:
The statement that the general balance-related audit objective that deals with ensuring that the details in the account balance agree with related master file amounts, foot to the total in the account balance, and agree with the total in the general ledger is the detail tie-in objective is True. The detail tie-in objective is indeed one of the key objectives in financial auditing. It aims to ensure that all details in the account balances are accurate, complete, and properly included in the general ledger, which is the comprehensive set of accounts that supports the financial statements of an entity.
Auditors perform various procedures to confirm that the detail tie-in objective is met, including reconciliation procedures, reviewing trial balances, and agreeing amounts to the master files. This process is critical for maintaining the integrity of financial reporting and providing assurance to stakeholders that the financial statements are free of material misstatement.