Which of the Following Would Generally Not Be a Component

question 33

Multiple Choice

Which of the following would generally not be a component of the audit of the acquisition and payment cycle?

• A) adequacy of controls over acquisitions of long-lived assets
• B) tracing disposals of long-lived assets to the fixed asset master file
• C) determining the adequacy of the funds available for capital expenditures
• D) reperformance of recorded depreciation expense

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Definitions:

Factorial Method

A function that calculates the product of an integer and all the integers below it; for example, 5 factorial (5!) is 5 x 4 x 3 x 2 x 1.

Directly Recursive

A function or method that calls itself within its own definition, directly creating a loop through recursion.

Recursive Method

A method in programming that calls itself in order to solve a problem.

Infinite Recursive Method

A method in programming that calls itself indefinitely due to a missing or incorrect termination condition, leading potentially to a stack overflow error.