When Performing Procedures to Search for Unrecorded Liabilities, the Auditor

question 34

Essay

When performing procedures to search for unrecorded liabilities, the auditor can obtain several sources of audit evidence, for example, documents, files, and enquiries of management and clerical personnel.
Required:
List at least five, but no more than eight, sources of audit evidence that could be accumulated in the search for unrecorded liabilities. (Do not write procedures or reasons for using the sources.)

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Definitions:

Salient Conditioned Stimulus

A stimulus that stands out and is easily noticeable making it more likely to be associated with an unconditioned stimulus in the process of learning.

Extinction

In psychology, the gradual decrease and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with an unconditioned stimulus.

Rescorla-Wagner Model

A psychological theory describing how new learning can interfere with or enhance existing conditioned associations through a process of expectation.

Associative Strength

The strength of the linkage or association between two elements, such as between a stimulus and a response, in conditioning.