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:

Dwarfism

A medical or genetic condition resulting in an adult height significantly below the average.

Growth Hormone

A hormone produced by the pituitary gland that stimulates growth, cell reproduction, and cell regeneration in humans and other animals.

Acromegaly

A hormonal disorder that results from an excess of growth hormone in adults, leading to the enlargement of bones in the hands, feet, and face.

Gigantism

A condition characterized by excessive growth and height significantly above average due to an overproduction of growth hormone.