Auditors Are Especially Concerned About the ________ and ________ Balance-Related

question 80

Multiple Choice

Auditors are especially concerned about the ________ and ________ balance-related audit objectives because of the potential for understatements in the account balance.

• A) completeness; cutoff
• B) completeness; accuracy
• C) classification; realizable value
• D) classification; cutoff

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Definitions:

Implicit Memory

A type of memory that enables us to perform tasks without conscious awareness of these previous experiences, such as procedural memory involved in riding a bike.

Conscious Awareness

The state of being awake and aware of one's surroundings, thoughts, feelings, and sensations.

Anterograde Amnesia

The inability to form new memories following an incident or onset of a disease, while memories from before the event remain intact.

Working Memory

A cognitive network with a bounded potential, charged with keeping information temporarily for processing needs.