All of the Following Are Tests of Presentation and Disclosure

question 123

Multiple Choice

All of the following are tests of presentation and disclosure for auditing the payroll process, EXCEPT _______.

• A)reviewing presentation and disclosure for payroll costs in drafts of financial statements
• B)evaluating the completeness of presentation and disclosure for receivables in drafts of financial statements
• C)reading disclosures and independently evaluate their understandability
• D)verifying accrued payroll was reported and in the drafts of the financial statements

---

Definitions:

Perception

The method of arranging and understanding sensory data, allowing us to identify significant objects and occurrences.

Ability

A person's level of competence in or aptitude for a particular task or range of tasks.

Clairvoyance

The claimed ability to gain information about an object, person, location, or physical event through extrasensory perception.

Telepathy

The alleged transmission of ideas or thoughts through channels beyond the traditional senses.