A Procedure That Would Most Likely Be Used by an Auditor

question 117

Multiple Choice

A procedure that would most likely be used by an auditor in performing tests of control procedures that involve segregation of functions and that leave no transaction trail is:

• A) observation.
• B) reconciliation.
• C) inspection.
• D) reperformance.

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Definitions:

Deceptive Advertising

Marketing practices that mislead or deceive consumers significantly enough to affect purchasing decisions.

Article III

Pertains to the section of the U.S. Constitution that establishes the Judicial Branch of the government, outlining the powers and structure of the federal courts.

Federal Courts

Courts established by the federal government of a country that have jurisdiction over constitutional, statutory, and other legal matters.

Social Regulations

Rules imposed by government to regulate the impact of business activities on public health, safety, the environment, and social welfare.