Which of the Following Auditing Procedures Most Likely Would Assist

question 14

Multiple Choice

Which of the following auditing procedures most likely would assist auditors 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 client's cash balance with the cut-off 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:

National Occupational Classification

A systematic classification of occupations in the economy, providing a standardized framework for job definitions, skill requirements, and work attributes.

Uniformity

The state or quality of being the same in terms of appearance, behavior, or structure, often pursued to ensure consistency and standardization.

Job Specification

A detailed description of the qualifications, skills, and experience required for a particular job or position.

Job Identification Section

Part of a job description or document that includes basic information about the job, such as title, department, and sometimes the immediate supervisor or reporting lines.