Harvey, CPA, Is Preparing an Audit Program for the Purpose

question 29

Multiple Choice

Harvey, CPA, is preparing an audit program for the purpose of ascertaining the occurrence of subsequent events that may require adjustment or disclosure essential to a fair presentation of the financial statements in conformity with applicable accounting standards. Which one of the following procedures would be LEAST appropriate for this purpose?

• A) Confirm as of the completion of fieldwork accounts receivable that have increased significantly from the year- end date.
• B) Read the minutes of the board of directors' meetings.
• C) Inquire of management concerning events that may have occurred.
• D) Obtain a legal counsel's letter as of the completion of fieldwork.

Understand and apply Bandura's concept of reciprocal determinism to explain behavior changes.

Grasp the guidance Erikson's theory offers to parenting and its practical applications.

Examine the role of social influence according to Fromm and compare it with Erikson’s stages.

Discuss the concept of initiative versus guilt and how it relates to an individual's sense of control over their environment, comparing Erikson’s and Rotter’s perspectives.

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Definitions:

American Dollar

The official currency of the United States, also known as the USD or US Dollar.

Members

Individuals who are part of an organization, group, or body, contributing to and benefitting from its activities and objectives.

FDIC

Stands for the Federal Deposit Insurance Corporation, a U.S. government agency that insures deposits in banks and thrift institutions for at least $250,000 per depositor, per insured bank.

Savings And Loan Associations

Specialized financial bodies that deal with accepting deposits for saving purposes and issuing various loans, especially for mortgages.