Your Client Is in the Process of Acquiring Another Company

question 20

Multiple Choice

Your client is in the process of acquiring another company. You have been requested to verify that cash for the company being acquired is properly stated. The audit technique that will yield the most persuasive evidence is:

• A)examination of the company's escrow account.
• B)interview with the company's treasurer and cash manager.
• C)preparation and review of standard bank confirmation inquiries.
• D)analytical computations comparing current cash in the bank with previous accounting periods.

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Definitions:

Inspire Followers

The capacity to motivate and influence supporters or team members to pursue shared objectives enthusiastically.

Employees' Performance

The degree to which employees accomplish their tasks and goals as required by their roles within an organization.

Daniel Goleman

A psychologist known for his work on emotional intelligence and its importance in leadership and personal development.

Manage Emotions

The ability to recognize, understand, and control one's own feelings and to influence the emotions of others in a positive way.