When Auditing Expense Accounts,which of the Following Would the Auditor

question 39

Multiple Choice

When auditing expense accounts,which of the following would the auditor be least likely to subject to a detailed test of transactions?

• A)Legal expense.
• B)Utilities expense.
• C)Repairs and maintenance expense.
• D)Travel expense.

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Definitions:

Upward and Lateral Influence

Involves the ability to affect decision-making processes and outcomes within an organization, not only vertically in the hierarchy but also horizontally across departments.

Satisfactory Benefits

Perks or compensations provided by employers that meet or exceed the expectations of employees, contributing to job satisfaction and retention.

Resources

Available assets or inputs (like time, money, labor) that can be utilized to achieve goals or operations.

External Constraint

Factors outside an organization or individual that limit or influence actions and decisions.