Tests of Controls and Tests of Details of Balances Are

question 45

True/False

Tests of controls and tests of details of balances are the auditor's most important means of verifying account balances in the payroll and personnel cycle.

---

Definitions:

Stored Value

A stored value refers to a quantity or information that is saved or retained in a storage system or medium for future use.

Stored Value

Information or data that has been saved in a memory location within a device or system for later use or reference.

Move Instruction

A command in programming and automation that directs the transfer of data from one location to another.

Value

A value is the importance, worth, or usefulness of something, often quantified in numerical terms.