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:

Job Design Management

Involves structuring job roles, tasks, and responsibilities in a way that maximizes employee efficiency and satisfaction, considering factors such as autonomy and variety.

Systematic Management

An approach to management that focuses on processes and procedures, emphasizing efficiency, standardization, and the overall coordination of all parts of an organization to achieve its objectives.

Performance-Based Pay

A compensation model that ties employees' salary or bonuses to their performance or achievements in the workplace.

Individual-Level

Pertains to factors or characteristics that relate to a single person, as opposed to groups or organizational entities.