The Auditor Has a Balance-Related Audit Objective to Determine That

question 119

Multiple Choice

The auditor has a balance-related audit objective to determine that accounts receivable are appropriately aggregated, and related financial statement disclosures are relevant and understandable. Which of the following audit procedures would the auditor not perform in connection with this audit objective?

• A) Trace receivables from related parties on the aged trial balance to proper disclosure in the footnotes to the financial statements.
• B) Read footnote disclosures made by management related to accounts receivable.
• C) Evaluate footnote disclosures made by management for related party receivables.
• D) Use audit software to foot and cross-foot the aged accounts receivable trial balance.

Recognize the common ground between information-processing theorists and Piagetians on child development.

Distinguish relevant research questions pertinent to the information-processing approach.

Comprehend the concept of metacognition and its importance in learning.

Appreciate the role of attention and selective attention in encoding information into memory.

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Definitions:

Intranet Technologies

Internal, private networks used by organizations to share information, tools, and resources among their employees.

Data Sharing

The practice of making data available to others, either within an organization or publicly, to support analysis, decision making, and innovation.

Cultural Differences

Variations in practices, values, and beliefs among different societies and groups.

Time-related Language

Phrases or terms used to describe, measure, or convey concepts of time and its passage.