When Testing Cash Balances at the Balance Sheet Date,the Auditor

question 42

Multiple Choice

When testing cash balances at the balance sheet date,the auditor foots the bank reconciliation and traces its reported book balance to the trial balance and its bank balance to the standard confirmation.Which of the following assertions is being tested with these procedures?

• A)Rights.
• B)Valuation.
• C)Existence.
• D)All of the above.

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Definitions:

Friedman Test

A non-parametric test used to detect differences in treatments across multiple test attempts.

Level Of Significance

A threshold in hypothesis testing that determines the probability of rejecting the null hypothesis when it is true.

Treatments

Interventions or procedures used to try to improve health, address a disease, or evaluate their effectiveness.

Block Design

a type of experimental design where units are grouped into blocks, each block contains all the treatments.