Which One of the Following Is NOT an Audit Procedure

question 70

Multiple Choice

Which one of the following is NOT an audit procedure that is commonly used to search for contingent liabilities?

• A) Analyse legal expense for the period under audit.
• B) Review the minutes of directors' and shareholders' meetings.
• C) Inquiries of management (orally and in writing).
• D) Review the current year's tax return.

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Definitions:

Presentation Equipment

Tools and devices used during presentations, such as projectors, screens, microphones, and laptops, to aid in delivering content.

Visuals

Graphic elements such as images, charts, and videos used to convey information, illustrate concepts, or enhance communication.

Learning

The acquisition of knowledge or skills through experience, study, or being taught.

Percent

A mathematical term representing a part per hundred, used to describe proportions or compare quantities.