The Auditor Normally Does Not Need to Test the Accuracy

question 56

Multiple Choice

The auditor normally does not need to test the accuracy or classification of fixed assets recorded in prior periods if they are the continuing auditor because

• A) they are rarely material to the audit.
• B) they rarely contain misstatements.
• C) they are verified in previous audits.
• D) they don't affect the balance sheet.

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Definitions:

Inferior Vena Cava

A large vein that carries deoxygenated blood from the lower and middle body into the heart's right atrium.

Jugular

Relating to the neck or throat, especially with reference to veins that carry blood back to the heart.

Premature Ventricular Contractions (PVCs)

Extra, abnormal heartbeats originating from the ventricles of the heart, which can cause the sensation of a skipped beat or palpitations.

Defibrillator

A medical device used to deliver a therapeutic dose of electrical energy to the heart to treat life-threatening cardiac dysrhythmias, especially ventricular fibrillation and ventricular tachycardia.