An Example of an Audit Procedure That Relates to the Auditor's

question 63

Multiple Choice

An example of an audit procedure that relates to the auditor's understanding of internal control is to

• A)reperform the counting of physical inventory.
• B)inspect documents and records.
• C)recalculate the depreciation expenses.
• D)trace all legal expenses to supporting invoices.

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Definitions:

ATP Synthesis

The process by which cells produce adenosine triphosphate (ATP), a critical energy carrier molecule, primarily in the mitochondria.

ADP

Adenosine diphosphate, a molecule involved in energy transfer within cells.

Exergonic Reaction

Chemical reaction that releases energy; opposite of endergonic reaction.

Oxidation

A chemical reaction involving the loss of electrons from a molecule, which often results in the production of energy.