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:

Major League Baseball

A professional baseball organization that is the oldest of the four major professional sports leagues in the United States and Canada.

Histogram

A graphical representation of the distribution of numerical data, where the data is grouped into bins and the frequency of the data in each bin is depicted by the height of the bar.

Salaries

Salaries refer to the regular payments or compensation that employees receive from their employers in exchange for their work.

Range

The difference between the highest and lowest values in a data set.