The Audit Risk Model Can Also Be Used for Quantitative

question 37

Multiple Choice

The audit risk model can also be used for quantitative analysis in which all risks are stated as a percentage ranging from _______.

• A)1% to 1%
• B)1% to 100%
• C)1% to 10%
• D)1% to 5%

Recognize the proper use and significance of the posting reference column in the ledger.

Prepare and record transactions in journal entries.

Understand the purpose and process of posting transactions from the journal to the ledger.

Distinguish between various financial periods, including fiscal and natural business years.