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The Tests of Details of Balances Procedure Which Requires the Auditor

question 55

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The tests of details of balances procedure which requires the auditor to examine notes paid after year-end to determine whether they were liabilities at the balance sheet date is an attempt to satisfy the audit objective of


Definitions:

Beneficence

The principle of doing good and ensuring the well-being of others, especially in ethical frameworks and medical practices.

Minimal Risks

Refers to the probability and magnitude of harm or discomfort anticipated in research not being greater than those ordinarily encountered in daily life or during routine physical or psychological examinations.

Justice

The principle of fairness where individuals are treated ethically and without bias, accorded their due rights and punishment.

Fair Distribution

The equitable allocation of resources or opportunities among members of a group.

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