Which of the Following Procedures Would Most Likely Be Conducted

question 37

Multiple Choice

Which of the following procedures would most likely be conducted by an accountant during a compilation engagement?

• A)Enquire of management with respect to the purpose of new capital assets.
• B)Compare gross profit on a year-by-year basis over the last five years.
• C)Circularize negative accounts receivable confirmations.
• D)Assemble and recalculate the financial statement allocations.

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Definitions:

Placed On Someone Else

Assigning responsibility, blame, or a task to another individual.

Sound Scientific Reason

Justification or explanation that is based on well-tested theories, empirical evidence, and principles of logic and scientific methodology.

Identified

Recognized as being a particular person or thing.

Angry

A strong feeling of displeasure or hostility, often resulting from perceived wrong, injury, or frustration.