Which of the Following Substantive Procedures Would Not Ordinarily Be

question 19

Multiple Choice

Which of the following substantive procedures would not ordinarily be used by auditors in evaluating the potential existence of subsequent events?

• A)Reviewing the latest interim financial statements.
• B)Performing cut-off testing near year end.
• C)Inquiring of officers and other client executives.
• D)Obtaining written representations.

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Definitions:

Smart

Smart refers to objects or systems embedded with technology that allows them to interact, learn, or operate more efficiently and autonomously.

Timed

Describes something that is done or scheduled to occur at a specific time or within a set time frame.

Technical-Orientation

A focus or preference for technical aspects of a job or activity, often involving specialized knowledge or expertise in a particular field.

Smart

An acronym often used in goal setting that stands for Specific, Measurable, Achievable, Relevant, and Time-bound.