When Undertaking Tests of Controls for Revenues, Auditors Are More

question 1

Multiple Choice

When undertaking tests of controls for revenues, auditors are more concerned with controls associated with the occurrence assertion than they are with the completeness assertion because:

• A)clients are more likely to overstate than understate revenues.
• B)clients are more likely to understate than overstate revenues.
• C)it is difficult to determine when services have been performed.
• D)the allowance for doubtful accounts is often understated.

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Definitions:

Observational Learning

The process of acquiring new behaviors by watching and imitating the actions of others.

Abusive Parents

Parents or guardians who inflict physical, emotional, or psychological harm on their children, significantly impacting their development and well-being.

Aggressive

Ready or likely to attack or confront; characterized by or resulting from aggression.

TV Violence

The depiction of violent acts or behaviors on television, which can influence viewer aggression and perceptions of reality.