What Are the Two Major Balance-Related Audit Objectives in Testing

question 4

Multiple Choice

What are the two major balance-related audit objectives in testing payroll liabilities?

• A)Accuracy and detail tie-in
• B)Completeness and valuation
• C)Completeness and rights and obligations
• D)Accuracy and cutoff

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Definitions:

Shy

A temperament or personality trait characterized by feelings of nervousness or discomfort in social situations.

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses and anxiety through gradual exposure to the feared stimulus coupled with relaxation exercises.

Relaxation Techniques

Methods or activities designed to reduce tension and stress, promoting physical and mental well-being, such as deep breathing, meditation, or yoga.

Hierarchy of Fears

A theoretical framework suggesting that fears can be organized in a hierarchical fashion, ranging from less to more intense, which can be useful in treatments like systematic desensitization.