The Main Focus Taken by the Auditor in Verifying Liability

question 36

Multiple Choice

The main focus taken by the auditor in verifying liability balances is on the discovery of

• A)liabilities posted to the wrong account.
• B)overstated liabilities.
• C)understated or omitted liabilities.
• D)overstated or extraneous liabilities.

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Definitions:

Psychodynamic Therapies

A category of psychotherapy based on psychoanalytic principles, emphasizing unconscious processes and the patient-therapist relationship to understand and resolve deep-seated psychological tensions.

Underlying Drives

Basic biological or psychological motivations that push or compel individuals to act in certain ways.

Motivations

The reasons or factors that inspire individuals to take action or behave in a certain way.

Psychotherapy

The therapeutic treatment of mental illness and emotional distress by psychological rather than medical means.