Which of the following best represents a walkthrough?

a. The controller reviews the bank reconciliation prepared by the accountant and its resulting journal entries.
b. The auditor walks the production line to find inefficiencies in the inventory process and reports them to management.
c. The controller takes a sample of recorded write-offs to ensure they have been properly approved.
d. The auditor traces three purchasing transactions from the purchase order to the financial statement for observation and understanding.


d

Business

You might also like to view...

The simplest pricing method is break-even pricing: adding a standard markup to the cost of the product

Indicate whether the statement is true or false

Business

What is intellectual property? What are the various categories of intellectual property?

What will be an ideal response?

Business

To increase sales of Chex cereals, Ralston Purina offered a free pound of bananas to customers who bought the large-size box. This form of sales promotion is called a

A. premium. B. coupon. C. cents-off offer. D. free sample. E. money refund.

Business

Which of the following is not a common ISP service?

A. Web hosting. B. Availability. C. Real simple syndication. D. Hard-disk storage space.

Business