Which of the Following Verifications Would Generally Not Be Performed

question 92

Multiple Choice

Which of the following verifications would generally not be performed by the auditor in the month subsequent to the balance sheet date?

• A) Foot the lists of all canceled checks, debit memos, deposits, and credit memos.
• B) Verify the bank statement balances when the footed totals are used.
• C) Verify the book statement balances tie to the cash receipts and disbursements journals for the year under audit.
• D) Review the items included in the footings to make sure that they were cancelled by the bank.

Grasp the concept of core competency and its impact on strategic outsourcing decisions.

Realize the importance of information technology in bridging the IT gap within supply chain collaborations.

Recognize the evolving trends and future directions in logistics and supply chain management, including specialization and narrowing of service offerings.

Acknowledge the critical role of continuous improvement and innovation in maintaining successful 3PL relationships.

---

Definitions:

Executed

Implemented or carried out as in the completion of a legal document or action.

Adverse Possession

Open and notorious possession of real property over a given length of time that denies ownership in any other claimant.

Statutorily Prescribed

Requirements or procedures determined and mandated by written law.

Easement By Necessity

An easement that is created when it is essential for the reasonable use of a property, typically for access.