The Bank Confirmation Is the Most Important Procedure for the Auditor

question 61

Multiple Choice

The bank confirmation is the most important procedure for the auditor because

• A)it allows the auditor to verify from the company that the amount of cash listed by the company is valid
• B)it allows the auditor to inquire from a source independent from the company that the amount of cash listed by the company is valid
• C)it allows the auditor to verify from a source independent from the company that the amount of cash listed by the company is on hand
• D)it allows the auditor to verify from a source independent from the company that the amount of cash listed by the company is valid

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Definitions:

Quality

The degree to which a product or service meets or exceeds customer expectations.

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Theory Y

A management concept that assumes employees are inherently motivated and enjoy their work, requiring less supervision and more collaboration and trust.

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An American engineer, consultant, and author, best known for his work in time and motion study alongside his wife Lillian Gilbreth.