To Test the Client's List of Outstanding Checks on the Bank

question 97

True/False

To test the client's list of outstanding checks on the bank reconciliation for completeness, the auditor should trace from the list to the checks included with the cutoff bank statement.

---

Definitions:

Longitudinal Studies

Research methods that involve repeated observations of the same subjects over a period of time, often used to study development, behavioral, and social changes.

Midlife

A period in an adult's life, often between the ages of 40 and 65, characterized by personal, social, and career transitions.

Vocational Self-Concept

Part of one’s total identity that includes ideas about which qualities of the self would or would not provide a match to the requirements of an occupation. Includes person’s view of his own characteristics and of his life circumstances, such as the limits or opportunities created by economic conditions and so on.

Exploratory Stage

In Super’s theory, the second life stage in the development of vocational self-concept from about 14 to 24, in which vocational self-concept is tentatively narrowed down, but often career choices are not finalized.