The Auditor Looked at a Bank Statement Received and Held

question 41

Multiple Choice

The auditor looked at a bank statement received and held by the client. What kind of audit procedure would this be considered?

• A)Recalculation.
• B)Physical observation.
• C)Confirmation.
• D)Examination of documents.

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Definitions:

Specific Tariff

A fixed fee charged on a per unit basis for a good imported into a country.

Imported Good

A product or service that is brought into one country from another to be sold.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a product and the actual price they do pay.

Specific Tariff

A specific tariff is a fixed fee imposed by a government on each unit of imported or exported goods, rather than a percentage of their value.