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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 53
Which of the following is least indicative of fraudulent activity?
A) Numerous cash refunds have been made to different people at the same post office box address.
B) Internal auditors cannot locate several credit memos to support reductions of customers' balances.
C) Bank reconciliation has no outstanding checks or deposits older than 15 days.
D) Three people were absent the day the auditors handed out the paychecks and have not picked them up four weeks later.
A) Numerous cash refunds have been made to different people at the same post office box address.
B) Internal auditors cannot locate several credit memos to support reductions of customers' balances.
C) Bank reconciliation has no outstanding checks or deposits older than 15 days.
D) Three people were absent the day the auditors handed out the paychecks and have not picked them up four weeks later.
Explanation
Verified
Verified
Therefore,...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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