Which of the Following Is the Best Audit Procedure for the Detection

question 45

Multiple Choice

Which of the following is the best audit procedure for the detection of lapping?

• A)Comparison of postings of cash receipts to accounts with the details of cash deposits.
• B)Confirmation of the cash balance.
• C)Reconciliation of the cash account balances.
• D)Preparing a proof of cash.

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Definitions:

Nitrogen Fixation

The process by which certain bacteria convert atmospheric nitrogen into ammonia, making it available for plants and other organisms.

Earth's Tilt

The angle between Earth's rotational axis and its orbital axis, which significantly influences seasonal changes and climate.

Denitrification

A microbial process by which nitrogen in the soil is converted back into gaseous nitrogen, removing it from the ecosystem.

ENSO Event

A periodic variation in winds and sea surface temperatures over the tropical eastern Pacific Ocean, affecting climate globally (El Niño-Southern Oscillation).