Which Procedure Is an Auditor Most Likely to Use to Detect

question 68

Multiple Choice

Which procedure is an auditor most likely to use to detect a check outstanding at year-end that was not recorded as outstanding on the year-end bank reconciliation?

• A)Prepare a bank transfer schedule using the client's cash receipts and cash disbursements journal.
• B)Receive a cutoff statement directly from the client's bank.
• C)Prepare a four column bank reconciliation using the year-end bank statement.
• D)Confirm the year-end balance using the standard form to confirm account balance information with financial institutions.

Understand the physiological basis and phases of hemostasis, including platelet plug formation and coagulation.

Classify blood tissue types and understand the significance of erythrocyte morphology.

Differentiate the roles of various leukocytes and their significance in the immune function.

Recognize the importance of blood in maintaining homeostasis and the physiological responses to blood loss.

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Definitions:

Disclosure Statements

Documents that detail and disclose relevant financial and operational information about a specific investment or transaction.

CPA

Stands for Certified Public Accountant, a professional designation given to accounting professionals who have passed a licensing examination and met other state requirements.

Lawyer

An expert who is capable of giving guidance on legal issues or representing individuals in legal proceedings.

Agreement

A negotiated and typically legally binding arrangement between parties as to a course of action.