An Internal Auditor Notices That a Division Has Recorded Uncharacteristically

question 11

Multiple Choice

An internal auditor notices that a division has recorded uncharacteristically high sales and gross margins for the past three months and now suspects the division is reporting fictitious sales. Which course of action should the auditor follow to determine whether fraud has occurred?

• A) Trace a sample of shipping documents to related sales invoices to verify proper billing.
• B) Send accounts receivable balance confirmations to customers.
• C) Compare the division's sales and gross margins to those of the prior three-month period.
• D) Estimate the sales and cost of goods sold for the three-month period by using regression analysis.

Assess immediate concerns pertaining to a patient's mental health status.

Evaluate mental health on a continuum from healthy to unhealthy based on functioning.

Understand the importance of fulfilling relationships for patients with mental health issues.

Advocate for patients by recognizing the influence of cultural patterns on mental illness symptoms.

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Definitions:

Consideration

a legal principle involving something of value exchanged between parties within a contract, making the agreement enforceable.

Accord And Satisfaction

An arrangement between contracting parties whereby one of the parties substitutes a different performance for his or her original duty under the contract. The promise to perform the new duty is the accord, and the actual performance of that new duty is the satisfaction.

Liquidated Debt

Debt for which there is no dispute between the parties about the fact that money is owed and the amount of money owed.

Valid Consideration

Something of value (cash, services, goods, etc.) that is exchanged between parties in a contract, making the contract legally binding.