As One of the Year-End Audit Procedures, the Auditor Instructed

question 53

Multiple Choice

As one of the year-end audit procedures, the auditor instructed the entity's personnel to prepare a standard bank confirmation request for a bank account that had been closed during the year. After the entity's treasurer had signed the request, it was mailed to the bank by the assistant treasurer. What is the major flaw in this audit procedure?

• A)The confirmation request was signed by the treasurer.
• B)Sending the request was meaningless because the account was closed before the year-end.
• C)The request was mailed by the assistant treasurer.
• D)The CPA did not sign the confirmation request before it was mailed.

Explain the impact of social and environmental factors on infant development.

Recognize the predictive value of early cognitive measures on later intelligence.

Identify strategies for promoting language learning in infants.

Understand the relationship between cognitive skills and adaptive behavior in infants.

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Definitions:

Product Cost

The total amount of expenses incurred to create a product, including materials, labor, and overhead.

Simplified Technology

Technology that has been designed to be easier to use or understand, with fewer complexities or advanced features.

Launching

The process of introducing a new product or service to the market.

Probabilities

A measure or quantification of the likelihood that an event will occur, ranging between 0 (impossible) and 1 (certain).