When Positive Confirmations Are Used, Auditing Standards Require Alternative Procedures

question 29

Multiple Choice

When positive confirmations are used, auditing standards require alternative procedures for confirmations not returned by the customer.Which of the following would not be considered an alternative procedure?

• A)Send a second confirmation request.
• B)Examine subsequent cash receipts to determine if the receivable has been paid.
• C)Examine shipping documents to verify that the merchandise was shipped.
• D)Examine customer's purchase order and the duplicate sales invoice to determine that the merchandise was ordered.

Analyze the effectiveness and scientific basis of various psychotherapeutic techniques.

Identify and describe various methods and concepts associated with different types of therapy.

Recognize the potential sources of harm in psychotherapy and the importance of ethical practice.

Understand the considerations and cautions associated with taking medications for psychological disorders.

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Definitions:

Product Liability

The legal liability a manufacturer or seller incurs for producing or selling a faulty product resulting in injury or harm to a consumer.

Express Warranty

A clearly stated promise or guarantee by a seller about the quality or functionality of a product.

Basis of the Bargain

The foundation or crucial terms agreed upon in a contract that are a major reason one party enters into the agreement.

Bargain

An agreement between two or more parties where each party gives something of value to the other(s) in exchange for goods, services, or other benefits.