The Tests of Details of Balances Procedure That Requires the Auditor

question 1

Multiple Choice

The tests of details of balances procedure that requires the auditor to examine corporate minutes for loan approval would satisfy the audit objective of

• A)classification.
• B)existence.
• C)completeness.
• D)accuracy.

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Definitions:

Controllable

Capable of being managed, directed, or regulated by actions or interventions.

Stress

A physical, mental, or emotional response to external or internal stimuli that require adjustment or adaptation.

Secondary Appraisal

The process of evaluating one's ability to cope with or manage the consequences of a stressful event after initially recognizing it as a threat or challenge.

Stressor

Any stimulus that causes stress, invoking a physical, chemical, or emotional response.