An Audit Team Would Most Likely Examine the Detail Support

question 21

Multiple Choice

An audit team would most likely examine the detail support for which of the following charges?

• A)Payroll expense
• B)Cost of goods sold
• C)Supplies expense
• D)Legal expense.

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Definitions:

Appropriation

The act of setting aside funds by a legislative body for specific governmental purposes.

Collaborations

Joint efforts or partnerships between individuals, organizations, or entities to achieve common goals.

Pool Funds

Financial resources combined from multiple sources or agencies to maximize efficiency, effectiveness, and flexibility in funding programs or projects.

Quality Services

The commitment to providing outstanding service that meets or exceeds customers' expectations.