When Detection Risk Is Very Low, the Auditor Should

question 89

Multiple Choice

When detection risk is very low, the auditor should:

• A) scan the client's bank reconciliation and verify the mathematical accuracy of the reconciliation.
• B) review the client's bank reconciliation.
• C) prepare the reconciliation from data in the client's possession.
• D) prepare the reconciliation from information obtained directly from the bank.
• E) prepare the proof of cash from data in the client's possession.

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Definitions:

Sensory Development

The maturation of the senses, including hearing, sight, touch, taste, and smell, allowing individuals to process and interpret their environment.

Italy

A country located in southern Europe, known for its rich history, culture, and significant contributions to art, cuisine, and science.

Ethnicity

A social group that shares a common and distinctive culture, religion, language, or the like.

Educational Attainment

The highest level of education an individual has completed, such as high school, college, or a degree.