An Example of an External Document That Provides Reliable Information

question 68

Multiple Choice

An example of an external document that provides reliable information for the auditor is: a(n)

• A)employees' time report.
• B)bank statement.
• C)purchase order for company purchases.
• D)carbon copies of a check.

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Definitions:

Supplemental Unemployment Benefits

Additional financial benefits offered to unemployed individuals that supplement their regular unemployment compensation.

Financial Services

A broad range of services offered by the finance industry, including banking, insurance, investment, and estate planning, among others.

Guaranteed Annual Wage

A financial agreement where an employer ensures an employee receives a minimum income for a specified number of hours worked or not worked over a year.

Paid Time-off Benefit

A company policy that allows employees to receive wages while they are not working during holidays, vacations, or other personal reasons.