Which of the Following Is an Auditor Least likely to Inquire

question 19

Multiple Choice

Which of the following is an auditor least likely to inquire about when performing a review of a nonpublic company?

• A)Significant transactions near the end of the period.
• B)Communications with regulatory agencies.
• C)That financial statements are prepared in conformity with a special basis of auditing.
• D)Questions that have arisen in applying review procedures.

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Definitions:

Long-term Potentiation

Long-term potentiation is a long-lasting enhancement in signal transmission between neurons, believed to be a biological mechanism underlying learning and memory.

Implicit Memories

Memories that influence thoughts and behaviors without conscious awareness, such as skills and conditioned responses.

Mood-congruent Memory

The inclination to remember events that match one's present emotional state.

Emotional States

Refers to the complex psychological conditions that encompass the various feelings, thoughts, and physiological changes experienced by an individual.