As One of the Year-End Audit Procedures, the Auditor Instructed

question 53

Multiple Choice

As one of the year-end audit procedures, the auditor instructed the entity's personnel to prepare a standard bank confirmation request for a bank account that had been closed during the year. After the entity's treasurer had signed the request, it was mailed to the bank by the assistant treasurer. What is the major flaw in this audit procedure?

• A)The confirmation request was signed by the treasurer.
• B)Sending the request was meaningless because the account was closed before the year-end.
• C)The request was mailed by the assistant treasurer.
• D)The CPA did not sign the confirmation request before it was mailed.

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Definitions:

Political Movement

defines a collective attempt by a group of people to achieve political goals or to push for certain social or political changes, often through activism or campaigning.

Utopian Community

An intentional community created to achieve an ideal social, political, and economic system, often based on visionary and idealistic principles.

Oneida

A Native American tribe originally from the area of upstate New York, known for its unique social practices and as a member of the Iroquois Confederacy.