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.

---

Definitions:

Imprinting

A form of rapid learning occurring at a particular life stage, leading to a long-lasting behavioral response to a specific individual or object.

Object Permanence

The Piagetian term for one of an infant’s most important accomplishments: understanding that objects and events continue to exist even when they cannot directly be seen, heard, or touched.

Disequilibrium

A state of imbalance or instability, often used in the context of emotional or cognitive conflict.

Assimilation

The cognitive process of fitting new information into pre-existing cognitive schemas, perceptions, and understanding.