Which of the Following Is Not True About the Auditors

question 9

Multiple Choice

Which of the following is not true about the auditors' verification of notes receivable?

• A)The interest revenue on notes receivable is usually audited by independent computation.
• B)Inspecting the notes is sufficient evidence of existence of the notes.
• C)The auditors may evaluate the collectibility of notes by inspecting credit files.
• D)Confirmation of notes payable to banks may be accomplished in conjunction with the confirmation of cash balances.

Recognize the role of personal selling and customized interaction in marketing communications.

Distinguish between direct and indirect payment methods in promotional activities.

Understand the concept of wasted coverage and strategies to minimize it in promotional campaigns.

Understand the characteristics and traits that contribute to successful leadership.

---

Definitions:

Collective Agreement Operation

The process by which the terms and conditions of employment are negotiated and enforced between an employer and a representative group of employees.

Arbitration

The submission of parties in a dispute to having an arbitrator make a binding decision on their claims.

Negotiation

The process of discussion aimed at reaching an agreement between two or more parties.

Conciliation/Mediation

Processes where a neutral third party helps disputing parties to come to a mutually acceptable agreement or resolution.