As Part of Accounts Payable Testing, an Auditor Reviews Cash

question 52

Multiple Choice

As part of accounts payable testing, an auditor reviews cash payments made post balance date. This is done mainly to gain evidence about the:

• A) valuation and allocation assertion.
• B) rights and obligations assertion.
• C) completeness assertion.
• D) existence assertion.

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Definitions:

Culturally Hegemonic

Relating to or denoting the dominance of one cultural group over others, particularly in influencing norms and values.

Socially Organized

The way in which society is structured and functions through established patterns of social relationships and institutions.

Sexual Orientation

An individual’s sexual and emotional attraction to a person of a particular sex.

Sex Acts

Physical activities that involve sexual pleasure or intercourse, often with the intention of sexual gratification.