Auditors Can Assess the Adequacy of Their Client's Closing Procedures

question 63

Multiple Choice

Auditors can assess the adequacy of their client's closing procedures by

• A) checking the accuracy of accrual calculations around year-end.
• B) looking at earnings trends to assess whether reported income is in line with similar periods in prior years.
• C) both a and b
• D) none of the above

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Definitions:

Defense of Marriage Act

A now-invalidated US law that defined marriage as the union between one man and one woman for federal and inter-state recognition purposes.

U.S. Supreme Court

The highest federal court in the United States, consisting of nine Justices and having ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Congress

The branch of the United States federal government responsible for creating laws, made up of the Senate and the House of Representatives.

Modern Women's Movement

A social and political movement from the late 20th century aiming to achieve equality for women in various aspects of society, including employment, education, and law.