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The Tests of Details of Balances Procedure Which Requires the Auditor

question 61

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The tests of details of balances procedure which requires the auditor to review transactions near the balance sheet date for the proper period satisfies which audit objective?


Definitions:

Appointment Status

An indicator of the current state of a scheduled meeting or event, such as confirmed, tentative, or canceled.

Calendar Item

A calendar item is a specific entry in a digital calendar that signifies an appointment, task, or event on a specific date and time.

Recurring Appointment

A scheduled event or meeting that repeats at regular intervals in a calendar or scheduling application.

Biweekly

Occurring every two weeks or pertaining to a period of two weeks.

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