When Auditing Expense Accounts,which of the Following Would the Auditor

question 39

Multiple Choice

When auditing expense accounts,which of the following would the auditor be least likely to subject to a detailed test of transactions?

• A)Legal expense.
• B)Utilities expense.
• C)Repairs and maintenance expense.
• D)Travel expense.

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Definitions:

Temporal Discounting

The tendency to value immediate rewards more highly than future rewards, often leading to impulsive decision-making.

Present

Present refers to the current moment or the actual time in which an event occurs or a condition exists.

Future

The time or a period of time following the present moment, often considered as yet to come.

Decisions

The process of making choices or conclusions based on available information or reasoning.