When Conducting Variables Sampling,auditors Typically Examine

question 50

Multiple Choice

When conducting variables sampling,auditors typically examine

• A)Transactions of components of the account balance or class of transactions.
• B)The balances in an account balance or class of transactions from one or more prior years.
• C)The separation of duties among client personnel for transactions related to the account balance or class of transactions.
• D)Minutes from meetings of the client's board of directors.

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Definitions:

Medical Care

Professional services provided by individuals or institutions to individuals for the purpose of maintaining, improving, or managing health.

Gasoline and Oil

Refers to petroleum-based liquid mixtures primarily used as primary fuels in vehicles and industrial machines.

Durable Goods

Goods that are intended to last for a relatively long period of time without quickly wearing out, such as appliances, cars, and furniture.

Consumption

The act of using goods and services by households, leading to the decrease in value of goods and the depletion of services.