The Audit Procedure Which Requires the Auditor to Record the Last

question 113

Multiple Choice

The audit procedure which requires the auditor to record the last cheque number used on the last day of the year and subsequently trace to the outstanding cheques and the cash payments journal is performed to satisfy the audit objective of:

• A) detail tie- in.
• B) completeness.
• C) existence.
• D) cutoff.

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Definitions:

Adrenocorticotropic-Releasing Hormone

A hormone produced in the hypothalamus that stimulates the release of cortisol from the adrenal gland, playing a key role in the body's response to stress.

Epinephrine

Also known as adrenaline, it's a hormone and neurotransmitter involved in the "fight or flight" response.

Homeostatic Hormones

Compounds released by glands into the bloodstream to regulate bodily functions and maintain an internal balance.

Pancreatic Cells

Cells that comprise the pancreas, including insulin-producing beta cells and enzyme-producing exocrine cells.