Assume That an Auditor Notes a Large Series of Checks

question 10

Multiple Choice

Assume that an auditor notes a large series of checks that does not clear the bank for an unusually long time after period end.Which of the following would the auditor likely suspect from this observation?

• A)Vendors are eager to get their payments.
• B)The reconciliation is accurate.
• C)Cash does not exist.
• D)The presence of held checks at period-end.

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Definitions:

Stirrup

A small bone in the middle ear, also known as the stapes, that plays a crucial role in transmitting sound vibrations to the inner ear.

Inner Ear

The inner ear is the internal part of the ear, containing the cochlea, vestibule, and semicircular canals, which are essential for hearing and balance.

Outer Ear

The external portion of the ear, including the pinna and the ear canal, which collects sound and directs it towards the middle and inner ear.

Pinna

The visible part of the ear that resides outside the head, which serves to collect and direct sound waves into the ear canal.