Why Do Auditors Inspect Records and Documents

question 16

Multiple Choice

Why do auditors inspect records and documents?

• A)For evidence that management have authorised significant purchases
• B)To check that a transaction occurred
• C)To check the dates of transactions
• D)All of the above

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Definitions:

Indian Children

Refers to the young population of Native American heritage or those originating from India residing in various regions.

Buffalo Herds

Groups of buffalo that roam together, often found in North America and played a significant role in the ecosystem and Native American cultures.

Homestead Act

A United States federal law passed in 1862 that granted 160 acres of public land to any individual who would farm it for at least five years.

Railroads

A transportation system consisting of a track of rails on which trains travel, used for moving passengers and goods over long distances efficiently.