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Why Is Detection Risk for Verifying Cash Balances Invariably Low

question 46

Essay

Why is detection risk for verifying cash balances invariably low? Why does the auditor not often use analytical procedures for the audit of cash balances?


Definitions:

Reinforcement

In psychology and behaviorism, it’s a consequence applied that strengthens an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Fixed Interval Schedule

A reinforcement strategy in behavioral psychology where rewards are delivered at consistent, predetermined intervals of time.

Administer Rewards

The process of allocating incentives or benefits to individuals or groups based on their performance or achievements.

Uneven

Lacking uniformity, consistency, or equivalence; not even or balanced in distribution or arrangement.

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