During the Process of Confirming Receivables as of 30 June

question 61

Multiple Choice

During the process of confirming receivables as of 30 June 2015, a positive confirmation was returned indicating the 'balance owed as of 30 June was paid on 9 July 2015'.The auditor would most likely:

• A)determine whether a customary trade discount was taken by the customer.
• B)determine whether there were any changes in the account between 1 July and 9 July 2015.
• C)check subsequent cash receipts to confirm that the amount was received.
• D)reconfirm the zero balance as of 9 July 2015.

Distinguish the similarities and differences between cognitive therapy (CT) and rational-emotive behavior therapy (REBT).

Understand the utilization of meta-analysis in evaluating psychotherapy effectiveness.

Recognize the significance of couple therapy and its application in resolving relationship problems.

Understand the duty of insurers to investigate claims and the consequences of bad faith denial.

---

Definitions:

Work Ethic

A set of values centered on the importance of doing work and reflected in a commitment to hard work and excellence.

Professional Behaviors

The display of actions and conduct deemed appropriate and ethical within a professional setting.

Technical Skills

Specific abilities and knowledge utilized to perform practical tasks in various fields such as information technology, engineering, or science.

Teamwork

The coordinated effort by a group of individuals working together to achieve a common goal.