Tests of Which Balance-Related Audit Objective Are Normally Performed First

question 54

Multiple Choice

Tests of which balance-related audit objective are normally performed first in an audit of the sales and collection?

• A)Accuracy
• B)Completeness
• C)Rights
• D)Detail tie-in

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Definitions:

Differences

Distinctions or variations between two or more entities or phenomena.

Metacognition

Self-awareness of cognitive functions, commonly defined as "reflecting on one's thoughts."

False Belief

A misunderstanding or incorrect thinking that one accepts as true, often studied in developmental psychology to understand cognitive development.

Suggestibility

The quality of being inclined to accept and act on the suggestions of others.