Which One of the Following Procedures Would Be Considered Improper

question 17

Multiple Choice

Which one of the following procedures would be considered improper by the auditor in the process of confirming receivables?

• A)The auditor allows the client's staff to prepare the confirmation letters after the auditor has chosen the items to be confirmed.
• B)The auditor allows the client to sign the confirmations after they are prepared.
• C)The auditor allows the client's staff to mail the confirmation letters after he or she has proofed the typing of the letters.
• D)The auditor asks the addressee to return the confirmation to the audit firm's office.

Recognize the role of productivity in determining a country's standard of living.

Understand the influence of human and physical capital on productivity.

Grasp the effects of population growth and education on economic outcomes.

Understand the importance of property rights and government policies in economic development.

---

Definitions:

Dividend Yield

The measure of how much a company pays out in dividends each year relative to its stock price, often expressed as a percentage.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenues.

Market Price

The current price at which an asset or service can be bought or sold.

Diversified

The strategy of allocating investment across various financial instruments, industries, and other categories to mitigate risk.