The Auditors Compare Information on Canceled Checks with Information Contained

question 67

Multiple Choice

The auditors compare information on canceled checks with information contained in the cash disbursement journal.The objective of this test is to determine that:

• A)Recorded cash disbursement transactions are properly authorized.
• B)Proper cash purchase discounts have been recorded.
• C)Cash disbursements are for goods and services actually received.
• D)No discrepancies exist between the data on the checks and the data in the journal.

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Definitions:

Accommodations

Accommodations are adjustments or modifications provided to individuals with disabilities or special needs to enable them to participate fully in an activity or setting, such as in testing or in the workplace.

Modifications

Adjustments or changes made to environments, tasks, or procedures to enable individuals to participate fully.

Standardization

The process of establishing uniform procedures for using an assessment so that the observation, administration, equipment, materials, and scoring rules remain the same for all who are administered the test.

Cognitive Functioning

The level at which the brain is able to manage and use information, including memory, awareness, reasoning, and decision-making skills.