Assume That an Auditor Notes a Large Series of Checks

question 10

Multiple Choice

Assume that an auditor notes a large series of checks that does not clear the bank for an unusually long time after period end.Which of the following would the auditor likely suspect from this observation?

• A)Vendors are eager to get their payments.
• B)The reconciliation is accurate.
• C)Cash does not exist.
• D)The presence of held checks at period-end.

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Definitions:

Upward Appeals

A strategy where an individual attempts to influence a decision or gain support by appealing to higher-level superiors or citing influential or authoritative higher sources.

Exchange

The act of giving one thing and receiving another, especially of the same type or value, in return.

Personal Appeals

Requests or attempts to persuade others based on personal relationships or emotional connections rather than logical arguments.

Coalition Building

The process of creating alliances or partnerships among individuals or groups to achieve common goals or address shared concerns.