Which of the Following Procedures Is Least likely in the Audit

question 21

Multiple Choice

Which of the following procedures is least likely in the audit of capital stock?

• A)Examine all outstanding stock certificates for completeness.
• B)Account for the proceeds from stock issues.
• C)Reconcile shares outstanding with the general ledger.
• D)Evaluate compliance with stock option plans.

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Definitions:

Modelling

The process of demonstrating a particular behavior or skill that others are expected to learn or emulate.

Mimicking

The act of imitating or copying the behavior, actions, or traits of others, often as a learning method or strategy for adaptation.

Orientation

A process which introduces new employees to their job roles, company culture, and policies to facilitate their adaptation and productivity.

Ongoing Process

A continuous operation or series of actions that are constantly evolving or being developed over time.