The Tests of Details of Balances Procedure Which Requires the Auditor

question 55

Multiple Choice

The tests of details of balances procedure which requires the auditor to examine notes paid after year-end to determine whether they were liabilities at the balance sheet date is an attempt to satisfy the audit objective of

• A) existence.
• B) completeness.
• C) accuracy.
• D) classification.

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Definitions:

Job Embeddedness

The extent to which an employee is tied to their job and community, reducing the likelihood of turnover.

Multicultural Organization

An organization that values diversity and integrates various cultural perspectives into its operations, aiming to create an inclusive and equitable working environment.

Characteristics

Traits or features that distinguish a person, object, or phenomenon from others.

Organizational Learning

The capacity of an organization to acquire, improve, and transfer knowledge within itself, thereby adapting to new conditions and challenges.