When Substantive Procedures Are Performed Before the Balance Sheet Date

question 2

Multiple Choice

When substantive procedures are performed before the balance sheet date the auditor should, at or after the balance sheet date:

• A) obtain a letter from management stating that no significant changes occurred in the account balances between the two dates.
• B) perform a comparison of the account balances at the two dates.
• C) confirm all balances that were not confirmed at interim.
• D) perform tests of reasonableness on all balances that were not confirmed at interim.

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A perspective or approach where individuals or groups receive information or undergo experiences without actively engaging or questioning.

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The blending of the World Wide Web, television, and other communications media as new, hybrid media forms.

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