Which One of the Following Is Not an Audit Procedure

question 39

Multiple Choice

Which one of the following is not an audit procedure used when testing restructuring charges?

• A)Review current and proposed financial accounting standards to determine if changes have occurred in accounting for restructuring.
• B)Evaluate the qualifications of management.
• C)Mathematically test the estimates.
• D)Review and independently test the estimates by reviewing (a)contracts, (b)appraisals for property or estimates from investment bankers,and (c)severance contracts.

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Definitions:

Negative Stereotype

A fixed, overgeneralized belief about a particular group or class of people that is unfavorable or harmful.

Out-Group

A social group toward which an individual feels a sense of competition or opposition, as opposed to an "in-group," which elicits feelings of loyalty and belonging.

Equal Pay Act

A labor law that prohibits gender-based wage discrimination, mandating equal pay for equal work performed by men and women.

Manufacturing Facilities

Places designed and equipped for the manufacturing of goods and products.