The Primary Difference Between an Audit of the Statement of Financial

question 41

Multiple Choice

The primary difference between an audit of the statement of financial position and an audit of the income statement lies in the fact that the audit of the income statement deals with the verification of:

• A)authorisations.
• B)transactions and events.
• C)cut-offs.
• D)presentation and disclosure.

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Definitions:

Antisocial Personality

A personality disorder characterized by a long pattern of disregard for, or violation of, the rights of others.

Dissociative Personality

A condition, more accurately known as Dissociative Identity Disorder, characterized by the presence of two or more distinct personality states that control an individual's behavior in different circumstances.

Statistically Evident

A situation where data analysis shows a trend, difference, or relationship is not likely to be due to chance alone.

Discrimination

Behaving differently, usually unfairly, toward members of a group.