A Procedure That Would Most Likely Be Used by an Auditor

question 47

Multiple Choice

A procedure that would most likely be used by an auditor in performing tests of control activities that involve segregation of functions but which leave no transaction trail is:

• A)Inspection.
• B)Observation.
• C)Reperformance.
• D)Reconciliation.

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Definitions:

Control Health Care Costs

Efforts and measures taken to manage and reduce the expenses associated with health care services and treatments.

Two Main Types

Often refers to the classification of something into two broad, distinct categories; the specific context (e.g., of products, economic systems) defines what these are.

Health Care Coverage

Insurance or governmental support that helps cover the cost of medical care for individuals and families.

Limited Access

Limited access refers to situations where the entry or usage of a resource, service, or market is restricted and not freely available to everyone.