An Audit Plan of Substantive Procedures for Cash Would Not

question 73

Multiple Choice

An audit plan of substantive procedures for cash would not include

• A) Requesting a cutoff bank statement be mailed to the client.
• B) Requesting the client to prepare bank reconciliations.
• C) Preparing a schedule of interbank transfers for a period of 10 business days before and after year-end date.
• D) Obtaining a written client representation concerning compensating balance agreements.

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.