The Test of Details of Balance Procedure Which Requires the Auditor

question 102

Multiple Choice

The test of details of balance procedure which requires the auditor to foot the loans payable list for loans payable and accrued interest satisfies which audit objective?

• A) detail tie-in
• B) existence
• C) completeness
• D) accuracy

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Definitions:

Experience of Stress

The physical or psychological response to internal or external pressures or demands.

Type A Personality

characterizes individuals who are competitive, highly organized, ambitious, impatient, highly aware of time management, and potentially aggressive.

Role Overload

The requirement for too many tasks to be performed in too short a time period or to work too many hours.

Boundary Role

Positions within an organization that involve the management of interactions between the internal and external environments of the business.