The Most Important Aspect of Evaluating the Client's Method of Obtaining

question 113

Multiple Choice

The most important aspect of evaluating the client's method of obtaining a reliable cutoff is to

• A) perform extensive detailed testing of cutoff.
• B) evaluate the client's control procedures around cutoff.
• C) confirm a sample of transactions near period end with customers.
• D) confirm transaction with customers.

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Definitions:

Additive

A method or model where the effects are simply added together to predict the outcome.

Components

Basic elements or parts that make up a system or compound.

Standard Deviation

A measure of the dispersion or variability of a set of values, indicating how much from the average (mean) individual values typically differ.

SPSS

Statistical Package for the Social Sciences; a software package used for interactive, or batched, statistical analysis.