Which One of the Following Auditing Procedures Is Ordinarily Performed

question 97

Multiple Choice

Which one of the following auditing procedures is ordinarily performed last?

• A) Testing of the purchasing function
• B) Reading of the minutes of the directors' meetings
• C) Confirming accounts payable
• D) Obtaining a management representation letter

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Definitions:

Stock Trust

A legal entity that holds and manages stock investments on behalf of its beneficiaries.

Managed Behalf

Acting or making decisions for another person or entity, typically in a professional or representative capacity.

Employee Participation

Involvement of employees in the decision-making processes of an organization, aiming to increase engagement and morale.

Pay-Related Decisions

Choices made by employers regarding compensation, including wages, salaries, bonuses, and benefits, directly affecting employee remuneration.