Which of the Following Procedures Is Not a Review Procedure

question 94

Multiple Choice

Which of the following procedures is not a review procedure for interim financial information?

• A) Making inquiries.
• B) Performing analytical procedures.
• C) Reading the minutes of the board of directors' meetings
• D) Obtaining oral assurance from management that there are no subsequent events.

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Definitions:

SIPC

SIPC stands for the Securities Investor Protection Corporation, which is a nonprofit organization that insures investors' securities and cash in the event a brokerage firm goes bankrupt or faces financial difficulties.

Brokerage Firm

A company that acts as an intermediary between buyers and sellers of financial securities, providing investment services and advice.

Dark Pools

Private financial forums or exchanges for trading securities not accessible by the public.

Trading Volume

The total quantity of shares or contracts traded for a specified security within a specified timeframe.