Which of the Following Would Be a Subsequent Discovery of Facts

question 153

Multiple Choice

Which of the following would be a subsequent discovery of facts which would not require a response by the auditor?

• A) discovery of the inclusion of material nonexistent sales
• B) discovery of the failure to write off material obsolete inventory
• C) discovery of the omission of a material footnote
• D) discovery of management's intent to increase selling prices in the future

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Definitions:

Points

Details or specific pieces of information that contribute to a broader understanding or argument.

Further

Usually means additional to what already exists or has been mentioned, or to a greater extent.

Walk

To move at a regular pace by lifting and setting down each foot in turn, never having both feet off the ground at once.

Explore

To investigate, study, or analyze with the purpose of discovering more information.