The Most Important Balance-Related Audit Objectives in the Audit of Cash

question 37

Multiple Choice

The most important balance-related audit objectives in the audit of cash include all but which of the following?

• A)Existence
• B)Accuracy
• C)Completeness
• D)Occurrence

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Definitions:

Pearson's Product-moment Correlation Coefficient

A measure of the linear correlation between two variables X and Y, providing a value between +1 and -1 inclusive.

Frequency Distribution

A method for illustrating how often scores occur in groups called class intervals.

Frequency Polygon

A graphical representation of a frequency distribution that uses a continuous line to show the number of values that fall within a class interval.

Histogram

A graphical representation of a frequency distribution that uses bars of different heights to show the number of values that fall within each class interval.