Which of the Following Procedures Would an Auditor Most Likely

question 57

Multiple Choice

Which of the following procedures would an auditor most likely perform to obtain evidence about an entity's subsequent events?

• A)Reconcile bank activity for the month after the balance sheet date with cash activity reflected in the accounting records.
• B)Ask legal counsel about any developments relating to litigation, claims, or assessments against the company.
• C)Review the treasurer's monthly reports on temporary investments owned, purchased, and sold.
• D)Examine on a test basis the purchase invoices and receiving reports for several days after the inventory date.

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Definitions:

Triploid Endosperm

A tissue in the seeds of flowering plants that nourishes the developing embryo, characterized by having three sets of chromosomes.

Diploid Zygote

A fertilized egg cell that has two sets of chromosomes, one set from each parent, representing the first stage in the development of a new individual.

Dioecious Plant

A plant species having male and female reproductive organs on separate individuals.

Cannabis Sativa

A species of the Cannabaceae family that includes hemp and marijuana, known for its psychoactive and medicinal properties.