Auditors Are Concerned with the Addresses Provided for Customers in the Confirmation

question 68

Multiple Choice

Auditors are concerned with the addresses provided for customers in the confirmation of accounts receivable because of which of the following reasons?

• A) Confirmations are selected based upon zip codes.
• B) A P.O. Box is more reliable than a street address.
• C) Confirmations should be sent only to business addresses and not residential.
• D) The address may be routed to the client for retrieval and fraudulent signing.

Learn about the challenges and shortcomings associated with employment interviews and selection tests.

Realize the importance of preserving job applications and how it aids HR in organizational assessment.

Comprehend the concept of validation studies and their relevance to different demographic groups.

Recognize the need for employment contracts and what constitutes a good contract in the recruitment process.

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Definitions:

Advantages and Disadvantages

A comparative assessment of the positive (benefits) and negative (drawbacks) aspects of a situation, idea, or solution.

Business

The practice of engaging in commerce, trade, and dealings by individuals or organizations to generate profit.

Expert Systems

Artificial intelligence programs designed to solve complex problems by mimicking the decision-making ability of a human expert.

CEO Position

The Chief Executive Officer position, the highest-ranking executive in a company, responsible for making major corporate decisions and managing overall operations.