Which of the Following Auditing Procedures Most Likely Would Assist

question 50

Multiple Choice

Which of the following auditing procedures most likely would assist an auditor in identifying conditions and events that may indicate substantial doubt about an entity's ability to continue as a going concern?

• A)Inspecting title documents to verify whether any assets are pledged as collateral.
• B)Confirming with third parties the details of arrangements to maintain financial support.
• C)Reconciling the cash balance per books with the cutoff bank statement and the bank confirmation.
• D)Comparing the entity's depreciation and asset capitalization policies to other entities in the industry.

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Definitions:

Social Networks

Online platforms that facilitate the creation and sharing of information, ideas, personal interests, and other forms of expression via virtual communities and networks.

LinkedIn

A business-oriented website that lets users post their professional profiles to connect to a network of businesspeople, who are also called connections.

Instagram

A social media platform that focuses on photo and video sharing, allowing users to create and share content with followers.

Social Network

A platform or website that enables users to create and share content or to participate in social networking.