Which of the Following Procedures Would an Auditor Least Likely

question 48

Multiple Choice

Which of the following procedures would an auditor least likely perform before the balance sheet date?

• A)Assessment of inherent risk.
• B)Observation of merchandise inventory count.
• C)Assessment of control risk.
• D)Identification of related parties.

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Definitions:

Job Evaluation Method

A systematic process for determining the relative worth of jobs within an organization to establish fair compensation.

Job Descriptions

Documents that outline the responsibilities, duties, qualifications, and requirements of a specific role within an organization.

Ontario Pay Equity Act

Legislation in Ontario, Canada, aimed at eliminating gender wage gaps by ensuring that female-dominated job classes are paid at least equally to male-dominated classes performing work of equal value.

Gender Neutral System

A system or policy that applies the same rules and standards to everyone, regardless of their gender.