Which of the Following Is the Most Effective Audit Procedure

question 14

Multiple Choice

Which of the following is the most effective audit procedure for verification of dividends earned on investments in marketable equity securities?

• A) Tracing deposit of dividend cheques to the cash receipts book.
• B) Comparing the amounts received with dividends received in the preceding year.
• C) Reconciling amounts received with published dividend records.
• D) Recomputing selected extensions and footings of dividend schedules and comparing totals to the general ledger.

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Definitions:

Economic Power

The ability of a person, company, or nation to influence or control economies through wealth, production, or trade.

Political Power

The ability or capacity to influence, control, or manipulate the policies, actions, and affairs of a political entity, such as a country or city.

Berlinghieri's Saint Francis Altarpiece

A 13th-century painting by Bonaventura Berlinghieri, celebrated for its depiction of Saint Francis of Assisi and marking a significant moment in early Italian art.

Frontality

The depiction of a subject in visual arts where the figure is shown facing forward, directly engaging with the viewer.