The Audit Procedures for the Subsequent Events Review Can Be

question 30

Multiple Choice

The audit procedures for the subsequent events review can be divided into two categories: 1) procedures normally integrated as a part of the verification of year-end account balances,and 2) those performed specifically for the purpose of discovering subsequent events.Which of the following procedures would be in the first category?

• A)Make inquiries of client regarding contingent liabilities.
• B)Obtain a letter of representation written by client.
• C)Examine subsequent period sales and purchases transactions to determine whether the cutoff is accurate.
• D)Review the minute book to determine the existence of any transaction related to year 1.

---

Definitions:

Infants Gaze

The act of infants looking steadily and intently, especially in admiration, surprise, or thought.

Attractive Adult Faces

Adult facial features that are commonly perceived as aesthetically pleasing, often based on symmetry, proportionality, and specific cultural ideals.

Likes

Positive reactions or approvals, commonly used in social media contexts to express agreement or enjoyment of content.

Think Less

The process or state of exerting minimal cognitive effort or engaging in limited critical thinking.