Which of the Following Tests Are Typically Not Necessary When

question 114

Multiple Choice

Which of the following tests are typically not necessary when auditing a client's schedule of recorded disposals?

• A) footing the schedule
• B) tracing the totals on the schedule to the recorded disposals in the general ledger
• C) tracing cost and accumulated depreciation of the disposals to the property master file
• D) All of the above are necessary.

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Definitions:

Dependency Theorist

advocates for a model that views developing nations as being economically and politically dependent on more developed, industrialized nations, affecting their growth and development trajectory.

Multinational Corporations

Companies that operate in multiple countries, often with a centralized head office but with operational facilities and branches in different countries.

Authoritarian Governments

Forms of government in which a single entity or a small group possesses significant power, dictating policies and procedures without substantial public participation or opposition.

Transnational Corporations

Large businesses that rely increasingly on foreign labor and foreign production; skills and advances in design, technology, and management; world markets; and massive advertising campaigns. They are increasingly autonomous of national governments.