An Auditor Confirms a Representative Number of Open Accounts Receivable

question 74

Multiple Choice

An auditor confirms a representative number of open accounts receivable as of December 31 and investigates respondents' exceptions and comments. By this procedure, the auditor would be most likely to learn of which of the following?

• A)One of the cashiers has been covering a personal embezzlement by lapping.
• B)One of the sales clerks has not been preparing charge slips for credit sales to family and friends.
• C)One of the IT control clerks has been removing all sales invoices applicable to his account from the data file.
• D)The credit manager has misappropriated remittances from customers whose accounts have been written off.

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Definitions:

Emotional Experiences

The personal, subjective feelings and reactions one undergoes in response to external stimuli or internal thoughts, encompassing a wide range of emotions.

Young Adults

Individuals in the age range of 18 to 25 years old, navigating the transition from adolescence to adulthood, often facing decisions about careers, education, and personal relationships.

Life Changes

Significant transitions or alterations in a person's life that can impact their daily routine, emotional well-being, and social relationships, such as moving, changing jobs, or experiencing a loss.

Romantic Love

A deep emotional, sexual, and affectional attraction between partners that is often characterized by a desire for a shared life.