When Auditing Expense Accounts,which of the Following Would the Auditor

question 51

Multiple Choice

When auditing expense accounts,which of the following would the auditor be least likely to subject to a detailed test of transactions?

• A)legal expense
• B)utilities expense
• C)repairs and maintenance expense
• D)travel expense

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Definitions:

Cash Functions

The various roles and activities associated with cash management in a business, including collection, disbursement, and investment.

Treasurer

An officer of a company or organization responsible for managing the institution's treasury, including financial planning, risk management, and investment.

Chief Operations Officer

A senior executive tasked with overseeing the day-to-day administrative and operational functions of a company.

Working Capital Management

The management of a company's short-term assets and liabilities to ensure its ongoing operational efficiency and financial stability.