Which of the Following Is an Exception Report That the Auditor

question 7

Multiple Choice

Which of the following is an exception report that the auditor would generate using generalised audit software in order to test the valuation and allocation assertion for accounts receivable?

• A)Adding the accounts receivable ledger, and checking the total to the accounts receivable balance in the general ledger.
• B)A sequence check looking for missing sales invoice numbers.
• C)A report outlining those balances that are greater than three months overdue.
• D)A sample of debtors to be confirmed by positive debtors' confirmation procedures.

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Definitions:

Sulphur Dioxide

A toxic gas released primarily by burning fossil fuels and volcanic activity, known for its role in acid rain formation.

Coal-fired Plants

Power plants that generate electricity by burning coal as the primary fuel, contributing to carbon pollution.

Nuclear Fuel Cycle

The series of processes involved in producing electricity from uranium, including mining, enrichment, reactor use, and the management of spent nuclear fuel.

Cyclotron

A type of particle accelerator that propels charged particles along a spiral path to high speeds, used in physics research and medical applications.