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    Question

    'Test Checking' in an audit refers

    to:
    A Checking all transactions without exception. Correct Answer Incorrect Answer
    B Selecting and verifying a representative sample of transactions. Correct Answer Incorrect Answer
    C Checking only the cash transactions. Correct Answer Incorrect Answer
    D Verifying only the balance sheet items. Correct Answer Incorrect Answer

    Solution

    Test Checking, or selective verification, is an audit technique where the auditor applies audit procedures to less than 100% of the items within an account balance or class of transactions. The sample is selected such that it is expected to be representative of the whole, allowing the auditor to draw conclusions about the entire population.

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