During a Review of a Financial Report, the Auditor Would

question 28

Multiple Choice

During a review of a financial report, the auditor would be least likely to:

• A) read the financial report and consider its conformance with generally accepted accounting principles.
• B) obtain reports from other accountants who reviewed a portion of the total entity.
• C) obtain written confirmation from management regarding loans to officers.
• D) perform analytical procedures designed to identify relationships that appear to be unusual.

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Definitions:

Functional Explanation

An explanation based on the role or function that a particular event, behavior, or phenomenon serves within a larger system.

Social Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Teleology

Teleology is the philosophical study of design and purpose in nature, suggesting that all things have inherent goals or ends towards which they strive.

Social Structures

Denotes the complex framework of societal institutions (like legal codes, organized religion, and political systems) and the patterns of social organization that shape a society's typical activities.