Examlex
An auditor concludes that a substantive auditing procedure considered necessary during the prior period's audit was omitted. Which of the following factors would most likely cause the auditor promptly to apply the omitted procedure?
Chart Of Accounts
A list of the accounts in the ledger.
Balance Sheet
An accounting summary that captures a firm's financial status at a particular instant, outlining the company's resources, obligations, and equity held by shareholders.
Ledger
A book or collection of financial accounts where financial transactions are recorded.
Cash Payment
A transaction where a payment is made using physical currency or through electronic funds transfer, directly settling an obligation.
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