Which One of the Following Circumstances Would NOT Cause an Auditor

question 76

Multiple Choice

Which one of the following circumstances would NOT cause an auditor to extend payroll procedures considerably?

• A) There is a possibility of material fraudulent payroll transactions.
• B) There is a lack of independent third- party evidence, such as confirmations.
• C) Payroll significantly affects inventory valuation.
• D) There is a deficient internal control structure.

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Definitions:

Politics

The activities, actions, and policies used to gain and hold power in government or to influence the government's decisions and actions.

Dealignment Theory

The theory that suggests a decline in the political influence of pre-existing social groups and the rise of individual voter choice.

Electoral Stability

The condition in which an electoral system maintains consistent patterns in voter behavior and party strength over time.

Voter Stability

The extent to which voters remain loyal to a particular political party or candidate over multiple election cycles.