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

Recognize the importance of cash flow amounts and their timing in operational planning and analysis.

Grasp the concept and calculation of the cash flow on total assets ratio.

Identify transactions that are not reported in the cash flows but disclosed separately.

Know the sources of information required for preparing the statement of cash flows.

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Definitions:

Avoidance Goals

Goals framed in terms of avoiding unpleasant experiences, such as trying not to look foolish in public.

Approach Goals

Goals that focus on achieving a positive outcome or moving towards a desirable object, event, or outcome.

Mastery Goals

Objectives focused on developing competence and mastering a task rather than comparing oneself to others.

Sexual Script

Socially learned behaviors and expectations about how sexual experiences and relationships should unfold.