A Common Comparison Occurs When the Auditor Calculates the Expected

question 40

Multiple Choice

A common comparison occurs when the auditor calculates the expected balance and compared it with the actual balance. The auditor's expected account balance may be determined by:

• A) inquiry of client.
• B) using industry standards.
• C) relating it to some other balance sheet or income statement account or accounts.
• D) using ABS data.

---

Definitions:

Help

Assistance given to someone to make it easier for them to do something.

Symbolic Form

Can denote a representation of ideas through symbols or symbolic actions, often used in arts, mathematics, and logic.

Believes In God

Refers to the conviction in the existence of a deity or deities.

Mystery

Something that is difficult or impossible to understand or explain; often a topic of intrigue or curiosity.