You Are Part of the Audit Team That Is Auditing

question 71

Essay

You are part of the audit team that is auditing Hillsburg Hardware Co.and you have been assigned to the sales and collection business process.You are testing whether the cash received has been recorded in the cash receipts journal.(completeness objective /assertion).List two tests of controls and at least one test of transactions that you would do to satisfy yourself regarding the completeness assertion.

Recognize the importance of security measures in cloud storage services.

Understand the concept of citation checking and tracking research trails.

Prepare for unexpected challenges in legal research and information management.

Understand the structure and function of various components of the human eye.

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Definitions:

Bipolar Disorder

A psychological disorder identified by severe fluctuations in mood, which involve high points of mania or hypomania and low points of depression.

Depression

A mood disorder typified by ongoing dejection or indifference toward life’s activities, profoundly impairing everyday functionality.

Mania

A mental state characterized by excessively high energy levels, euphoria, hyperactivity, and sometimes delusions of grandeur, often seen in bipolar disorder.

Schizophrenic Person

An individual diagnosed with schizophrenia, a mental disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.