Which of the Following Audit Procedures Does Not Address the Rights

question 51

Multiple Choice

Which of the following audit procedures does not address the rights, presentation and disclosure assertion for pledged, discounted, assigned, and related-party accounts receivable?

• A) Review work performed in other audit areas.
• B) Inquire of management.
• C) Review adequacy of allowance for doubtful accounts.
• D) Review loan agreements.

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Definitions:

Shareholder Model

A corporate governance framework where the interests of shareholders are the primary focus of company management.

Stakeholder Model

A framework in business and ethics that emphasizes considering the interests and impacts on all affected parties (stakeholders) rather than solely focusing on shareholders.

NLRA

A cornerstone of United States labor legislation, the National Labor Relations Act upholds the rights of workers to unionize and to negotiate collectively with their employers.

Union Density Rates

The proportion of workers in a specific area, industry, or country who are members of labor unions.