Which of the Following Audit Procedures Is least Likely to Detect

question 19

Multiple Choice

Which of the following audit procedures is least likely to detect an unrecorded liability?

• A)Analysis and recomputation of interest expense.
• B)Analysis and recomputation of depreciation expense.
• C)Mailing of a cash confirmation form.
• D)Reading of the minutes of meetings of the board of directors.

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Definitions:

Exploring Problem

The process of investigating, understanding, and defining a problem before attempting to solve it, often involving gathering information and identifying underlying causes.

Creative Process Model

A theoretical framework outlining the stages involved in the production of new and innovative ideas or products.

Inspiration

The process of being mentally stimulated to do or feel something, especially to do something creative.

Verification

The process of confirming the accuracy, truth, or validity of something through the provision of empirical evidence or logical proof.