Which of the Following Procedures Is Not Usually Performed by the Accountant

question 834

Multiple Choice

Which of the following procedures is not usually performed by the accountant during a review engagement of a nonissuer?

• A) Inquiring about actions taken at meetings of the board of directors that may affect the financial statements.
• B) Issuing a report stating that the review was performed in accordance with standards established by the AICPA.
• C) Reading the financial statements to consider whether they conform with generally accepted accounting principles.
• D) Communicating any material weaknesses discovered during the consideration of internal control.

---

Definitions:

Basic Functions

Encompasses the fundamental roles or activities that are essential for the operation and success of an organization, such as planning, organizing, leading, and controlling.

Delegating

The process of assigning responsibility and authority to others to complete a clearly defined task while maintaining accountability for its success.

Decision Making

The mental process involved in choosing an action path from several options.

Division Of Labor

The allocation of different parts of a manufacturing process or task to different people in order to improve efficiency.