Which of the Following Is not a Primary Procedure Auditors

question 93

Multiple Choice

Which of the following is not a primary procedure auditors use to obtain sufficient knowledge about the design of the relevant controls and to determine whether they have been implemented (placed in operation) ?

• A)Previous experience with the entity.
• B)Inquiries of appropriate management personnel.
• C)Performance of substantive procedures.
• D)Inspection of document and records.

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Definitions:

Competitive Firm

A company operating in a market where there are many buyers and sellers, and the firm has little influence over the price of its products.

Competitive Market

A market structure characterized by many buyers and sellers where no single entity can significantly influence prices or market outcomes.

Unions

Organizations formed by workers to protect their rights and interests, typically through collective bargaining with employers.

United States

A country located in North America, consisting of 50 states, a federal district, and several territories.