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The Test of Details of Balances Procedure That Requires the Auditor

question 38

Multiple Choice

The test of details of balances procedure that requires the auditor to foot the outstanding check list and deposits in transit is an attempt to satisfy which audit objective?


Definitions:

Positively Skewed

A distribution shape where most data points cluster to the left, and the tail of the distribution extends far to the right.

Median

The median is the value separating the higher half from the lower half of a data sample, a population, or a probability distribution.

Mean

The mean value of a collection of numbers, determined by dividing the total of these numbers by the count of them.

Population Mean

The average value of all the individuals in a population.

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