Which of the Following Procedures Would a CPA Most Likely

question 28

Multiple Choice

Which of the following procedures would a CPA most likely perform in the planning phase of a financial statement audit?

• A)Make inquiries of the client's lawyer concerning pending litigation.
• B)Perform cutoff tests of cash receipts and disbursements.
• C)Compare financial information with nonfinancial operating data.
• D)Recalculate the prior year's accruals and deferrals.

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Definitions:

Skill Application

The process of putting a learned skill into practice in real-world scenarios.

Leaders

Individuals who influence and guide others within an organization towards achieving its goals.

Managers

Individuals in an organization responsible for directing and overseeing the work of a group of people.

Emotional Intelligence (EI)

The ability to understand, manage, and articulate one's feelings, while also dealing with others' relationships carefully and with empathy.