The Direct Receipt of a Confirmation from Every Bank with Which

question 60

Multiple Choice

The direct receipt of a confirmation from every bank with which the client does business is

• A) required by auditing standards for every audit.
• B) not necessary unless material fraud is suspected.
• C) recommended but not required by auditing standards.
• D) necessary for every audit except when there are an unusually large number of active accounts.

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Definitions:

Intrinsic Motivation

The drive to perform an activity for its own sake and personal rewards, rather than for some external reward or pressure.

Automobile Showroom

A retail space where new or used cars are displayed for sale to potential buyers.

Fixed Ratio Schedules

A type of reinforcement schedule where a response is reinforced only after a specified number of responses.

Productivity

The efficiency with which goods and services are produced, often measured in terms of output per unit of input.