Initial Substantive Procedurfor Cash Balance Assertions May Include All of the Following

question 21

Multiple Choice

Initial substantive procedurfor cash balance assertions may include all of the following except:

• A) trace opening balances for cash on hand and in bank to the previous year's working papers.
• B) review activity in general ledger accounts for cash and investigate entries that appear unusual in amount or source.
• C) obtain entity-prepared summaries of cash on hand and in bank, verify mathematical accuracy and determine agreement with general ledger.
• D) all of the above are initial substantive procedures for cash balance assertions.

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Definitions:

Freud's View

Sigmund Freud's perspective, particularly within psychoanalytic theory, emphasizing unconscious motives, conflicts, and childhood experiences in influencing behavior and mental processes.

Guilt

A sense of accountability or regret for any misdeed, criminal act, or wrongdoing, actual or perceived.

Anger

A strong feeling of annoyance, displeasure, or hostility usually triggered by perceived wrong or injustice.

Ego Ideal

Part of the psychoanalytic theory of the mind representing an individual's ideal self and the standards by which they measure their conduct.