In Performing Tests of Details of Balances, the Auditor Would

question 44

Multiple Choice

In performing tests of details of balances, the auditor would obtain the bank statement directly from the bank, prepare the bank reconciliation, and verify all reconciling items and mathematical accuracy if detection risk was:

• A) very high.
• B) high.
• C) moderate.
• D) low.
• E) very low.

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Definitions:

Cerebellum

A part of the brain located at the back of the skull, vital for coordinating movement and maintaining physical balance.

Working Memory

A cognitive system responsible for temporarily holding and manipulating information for tasks such as reasoning and understanding.

Social Security Number

A unique numerical identifier assigned to U.S. citizens and some residents, primarily for tax reporting and social welfare benefits.

Left Frontal Lobe

The region of the frontal lobe situated in the left hemisphere of the brain, associated with reasoning, motor skills, higher level cognition, and expressive language.