Which of These Is Not True Regarding Substantive Procedures for Property

question 65

Multiple Choice

Which of these is not true regarding substantive procedures for property, plant, and equipment in an initial audit

• A) the auditor concentrates on the current year's transactions only.
• B) evidence must be obtained as to the fairness of the opening balances.
• C) evidence must be obtained as to the ownership of the assets.
• D) All of the above are untrue.

---

Definitions:

Neuropsychological Assessment

A specialized examination of cognitive functioning using various tests and tasks, aimed at identifying impairments that may result from brain injury or neurological conditions.

Severity of Damage

The extent or degree of harm or destruction caused to something, such as property, health, or environmental condition.

Spearman's Two-Factor

A theory suggesting that every task requires a combination of general intelligence (g-factor) and skills specific to the task (s-factor).

"G"

A term representing general intelligence, proposed as a single factor influencing all cognitive abilities.