After the Bank Confirmation Has Been Received by the Auditor,the

question 67

Multiple Choice

After the bank confirmation has been received by the auditor,the auditor should

• A)recalculate the bank reconciliation in its entirety.
• B)verify that cash cutoff was correct for that bank account.
• C)trace the general ledger cash account balance to the amount confirmed.
• D)trace the bank reconciliation cash amount to the amount confirmed.

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Definitions:

Adapt

means to adjust or change one's behavior, ideas, or strategies in response to new information, environments, or conditions to better fit or cope with them.

Erikson

Eric Erikson, a psychoanalyst known for his theory on the psychosocial development stages of humans.

Psychosocial Stages

A theory proposed by Erikson that outlines eight developmental stages, each characterized by a specific crisis that individuals must resolve to develop healthy personalities.

Generativity

A concern for establishing and guiding the next generation, often seen as a stage in psychosocial development.