Which of the Following Is One of the Better Auditing

question 23

Multiple Choice

Which of the following is one of the better auditing techniques that might be used by an auditor to detect kiting?

• A)Review composition of authenticated deposit slips.
• B)Review subsequent bank statements and canceled checks received directly from the banks.
• C)Prepare a schedule of bank transfers.
• D)Prepare year-end bank reconciliations.

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Definitions:

Referent Power

A form of influence based on personal traits and relationships rather than formal authority, where followers identify with, like, or respect the leader.

Strategic Vision

A clear and aspirational view of the future state that an organization or individual aims to achieve.

Transformational Leadership

A style of leadership where a leader works with teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group.

Empowered Followers

Followers who are given authority, resources, and confidence by their leaders to make decisions and take actions.