The Audit Procedure Which Requires the Auditor to Record the Last

question 99

Multiple Choice

The audit procedure which requires the auditor to record the last check number used on the last day of the year and subsequently trace to the outstanding checks and the cash disbursements records is performed to satisfy the audit objective of

• A) detail tie-in.
• B) existence.
• C) completeness.
• D) cutoff.

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Definitions:

Born

The process of coming into life or entering into existence.

Mature Consumers

Individuals typically in the age group of 55 years and older, often characterized by distinct purchasing habits and preferences shaped by years of consumption experience.

Chronological Age

The actual age of an individual or object, measured in units of time since birth or creation.

Physiological Age

A measure of how well or poorly your body is functioning relative to your actual calendar age.