Which One of the Following Is NOT an Audit Procedure

question 93

Multiple Choice

Which one of the following is NOT an audit procedure that is commonly used to search for contingent liabilities?

• A) Review the minutes of directors and shareholders meetings.
• B) Perform inquiries of management (orally and in writing).
• C) Analyse legal expense for the period under audit.
• D) Review the current year's tax return.

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Definitions:

Zinc

A chemical element with the symbol Zn and atomic number 30, known for its corrosion-resistant properties and wide use in galvanization and alloys.

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit.

Copper

A reddish-brown metal with high electrical and thermal conductivity, used extensively in electrical wiring and plumbing.

Zinc

A metallic element used primarily for galvanizing steel and iron products to prevent rust; also important in biology and nutrition.