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:

Economy Sector

Defines one of the broad areas into which the economic activities of a country are divided, such as agriculture, industry, and services.

Customer Responsiveness

An organization's ability to listen, understand, and take appropriate action regarding customer needs and requests promptly.

Competitive Advantage

The unique attributes or conditions a company possesses that enable it to outperform its competitors.

Resource Effectiveness

The efficient and effective use of resources to achieve desired outcomes and objectives.