As a Part of the Auditor's Responsibility for ________, the Auditor

question 36

Multiple Choice

As a part of the auditor's responsibility for ________, the auditor should review the preparation of at least one of each type of payroll tax form the client is responsible for filing.

• A) fraud awareness
• B) doing tests of balances
• C) doing tests of transactions
• D) understanding the client's internal controls

---

Definitions:

Unemployment

The situation when individuals who are able and willing to work are unable to find employment.

Aggregate Demand Curve

A graphical representation of the total demand for goods and services in an economy at different price levels.

Price Level

Refers to the average of all current prices for goods and services in an economy.

Aggregate Quantity

The total amount, sum, or volume of goods or services produced or supplied in an economy at a given overall price level and time.