An Auditor Should Trace Cancelled Cheques and Cleared Deposits for the Last

question 66

Multiple Choice

An auditor should trace cancelled cheques and cleared deposits for the last part of the current audit period and the first part of the subsequent period to detect whether ________.

• A)the cash receipts journal was held open for a few days after the year-end
• B)the last cheques recorded before the year-end were actually mailed by the year-end
• C)cash balances were overstated because of kiting
• D)any unusual payments to or receipts from related parties occurred

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Definitions:

Portion Sizes

The amount of a particular food someone chooses to eat at one time, which can impact caloric intake and nutrition.

Added Sugars

Sugars and syrups that are added to foods or beverages when they are processed or prepared, not including naturally occurring sugars.

Lactose Intolerant

The inability to fully digest lactose, a sugar found in milk and dairy products, due to a deficiency in lactase enzyme.

Food Allergy

An adverse health effect arising from a specific immune response that occurs reproducibly on exposure to a given food.