For Some Audit Objectives and in Some Circumstances,analytical Procedures May

question 68

Multiple Choice

For some audit objectives and in some circumstances,analytical procedures may be the most effective procedure to apply.The objectives that most likely would benefit from the use of analytical review with respect to the allowance for uncollectible accounts would be

• A)validity of sales transactions recorded for individual customer accounts.
• B)classification and completeness of transactions,accuracy of judgments and estimates.
• C)collectability of individual customer account balances.
• D)allocation of transactions to the proper accounting period.

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Definitions:

Disabilities

Physical or mental conditions that limit a person's movements, senses, or activities.

Child Sexual Abuse

A form of child abuse involving sexual activity with a minor, often perpetrated by someone in a position of power or trust over the child.

Consistent Definition

A definition that remains uniform or unchanged across different contexts or uses.

Historical Problem

An issue or challenge that exists or has evolved due to the influence of past events or practices.