If an Auditor Waits Until the Subsequent Period Bank Statement

question 74

Multiple Choice

If an auditor waits until the subsequent period bank statement is available to verify reconciling items, it is primarily a test for

• A) errors.
• B) omissions.
• C) kiting.
• D) intentional misstatements.

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Definitions:

Blood Clot

A gel-like mass formed by platelets and fibrin in the blood to stop bleeding.

Mucus

is a slimy substance produced by mucous membranes in the body that serves to protect, lubricate, and filter, particularly in the respiratory, digestive, and reproductive systems.

Breathing

The process of inhaling and exhaling air in order to exchange oxygen for carbon dioxide in the lungs.

Lamaze Method

A technique in childbirth education that focuses on breathing patterns and relaxation techniques to reduce pain and aid in labor.