Kiting Is Addressed by the Auditor Through the Use of

question 82

Multiple Choice

Kiting is addressed by the auditor through the use of

• A)cut-off bank reconciliations.
• B)bank transfer schedules.
• C)bank confirmations-account balances.
• D)bank confirmations-loan guarantees.

---

Definitions:

Reciprocity

A mutual exchange of privileges, goods, services, or other forms of value, often characterized by a balancing of benefits between the parties involved.

Direct Benefit

An advantage or gain that directly results from a specific action, policy, or investment, without intermediate steps.

Communal Relationships

Interpersonal connections where individuals emphasize mutual care and concern for each other's welfare.

Exchange Relationships

Social interactions where benefits are given with the expectation of receiving something of equal value in return.