Which of the Following Audit Procedures Would Be the Most

question 18

Multiple Choice

Which of the following audit procedures would be the most correct in determining the audit objective of existence for the equipment account in the fixed asset master file?

• A) Examine vendor invoices and receiving reports.
• B) Review transactions near the balance sheet date.
• C) Recalculate vendor invoices.
• D) Examine vendor invoices for correct accounting treatment.

---

Definitions:

New Language

The process of acquiring the ability to communicate or comprehend a language that is different from one's native or previously known languages.

Instruction

The act of teaching or providing knowledge to someone through direction or information.

Exclusively

Restricted to the object or subject in question; solely or only.

Thinking About Thinking

Also known as metacognition, it refers to the awareness and management of one's own cognitive processes.