Auditors Ordinarily Send a Standard Confirmation Request to All Banks

question 23

Multiple Choice

Auditors ordinarily send a standard confirmation request to all banks with which the client has done business during the year under audit,regardless of the year-end balances.A purpose of this procedure is to

• A)provide the data necessary to prepare a proof of cash.
• B)request that a cutoff bank statement and related checks be sent to the audit.
• C)detect questionable bank activities that may otherwise not be discovered.
• D)seek information about contingent liabilities and security agreements.

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Definitions:

Level Of Testosterone

The concentration of testosterone, a crucial hormone in both males and females, impacting numerous aspects of health and behavior.

Type A Personality

The ‘coronary-prone’ personality – a behavioural correlate of heart disease characterized by striving to achieve, time urgency, competitiveness, and hostility.

Aggression

Actions aimed at causing physical or mental damage to another person.

Frustration-Aggression Hypothesis

A psychological theory proposing that aggression is often a result of frustration caused by blocked goals.