Which Audit Procedure Would Be Used to Test for the Existence

question 80

Multiple Choice

Which audit procedure would be used to test for the existence balance-related audit objective?

• A) Trace ten accounts from the aged trial balance to the accounts receivable master file.
• B) Confirm accounts receivable.
• C) Review large sales returns and allowances before and after the balance sheet date.
• D) Trace ten accounts from the trial balance to the accounts on the master file.

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Definitions:

Tabula Rasa

A philosophical theory that suggests individuals are born without built-in mental content, and all knowledge comes from experience or perception.

Adaptive Personalities

Traits in individuals that enhance their ability to cope with changes and challenges in their environment.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Temporal Orientation

An individual's or culture's attitudes and perceptions regarding time, emphasizing past, present, or future.