An Auditor Would Be Least Likely to Use Confirmations in Connection

question 61

Multiple Choice

An auditor would be least likely to use confirmations in connection with the examination of:

• A) inventories.
• B) long-term debt.
• C) property, plant, and equipment.
• D) stockholders' equity.

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Definitions:

Unconscious Mind

A part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Conscious Mind

The aspect of the mind that involves awareness of the self, the environment, and one's thoughts and experiences.

Latency Stage

A phase in Freud's psychosexual development theory occurring in childhood, where sexual urges are repressed, allowing for focus on social and intellectual growth.

Formal Education

The structured, systematic instruction and training provided by schools and institutions, leading to recognized qualifications.