Which of the Following Audit Procedures Would Most Likely Assist

question 24

Multiple Choice

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

• A)Review compliance with the terms of debt agreements
• B)Confirmation of accounts receivable from principal customers
• C)Reconciliation of interest expense with debt outstanding
• D)Confirmation of bank balances

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Definitions:

Responding

The act of reacting to a stimulus or situation, often used in the context of behavioral psychology.

Contingency Management

A behavioral strategy that modifies behavior by changing the consequences, typically through rewards or punishments, contingent on the behavior.

Assessment

The evaluation or measurement of the nature, ability, or quality of something, often applied within educational, psychological, or performance contexts.

Behavior Modification

Techniques for changing behavior that rely on Pavlovian conditioning or instrumental or operant conditioning.