What Audit Objective Is Associated with the Comparison of Disbursement

question 59

Multiple Choice

What audit objective is associated with the comparison of disbursement and receipt information on a bank transfer schedule to the cash disbursements and cash receipts journals?

• A)accuracy
• B)classification
• C)occurrence
• D)completeness

Understand the requirements for reporting segment information in interim financial reports.

Identify the different approaches (discrete and integral) in preparing interim reports and their implications.

Comprehend how seasonal revenues and variances are reported in interim financial statements.

Understand the treatment of income taxes in interim reporting, including changes in tax rates.

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Definitions:

Safety Needs

Basic human necessities for security and protection from physical and emotional harm, as identified in Maslow's hierarchy of needs.

Base Compensation

A salary or hourly wage paid to an individual.

Praise And Recognition

Acknowledgment and appreciation of an individual's contributions and achievements, often used as a motivational tool in management.

Social Level

Refers to the stratification and hierarchy within a society where individuals or groups are ranked according to various criteria like wealth, power, or prestige.