The Auditor's Test of the Accuracy of Monetary Amounts of Transactions

question 67

Multiple Choice

The auditor's test of the accuracy of monetary amounts of transactions and account balances is known as:

• A)Testing of controls
• B)Substantive tests
• C)Compliance tests
• D)Application tests

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Definitions:

Ethics

A set of moral principles that govern a person's behavior or the conducting of an activity, often applied in professional contexts.

Relativist Perspective

A viewpoint that suggests the value, truth, and standards of behavior can vary based on culture, society, or historical context.

Dignity and Worth

Core social work values emphasizing the importance of treating every individual with respect and considering their intrinsic value, regardless of circumstances.

Inherent Value

The intrinsic worth or importance of something, recognized as an essential or fundamental quality.