An Auditor Should Re-Perform Calculations on a Random Basis to Check

question 34

True/False

An auditor should re-perform calculations on a random basis to check for accuracy.Usually,if one component has been calculated properly,the auditor can rely that the other components have also been computed properly.

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Definitions:

Self-interest

The pursuit of personal advantages and well-being, often guiding individual economic decisions.

Division of Labor

A method that breaks down the production of a product into a series of specific tasks, each performed by a different worker.

Specialization

The concentration of the productive efforts of individuals or organizations on a limited number of activities, leading to increased efficiency and productivity.

Mass Production

A manufacturing technique that produces large quantities of goods efficiently by using assembly lines or automation technology.