Which of the Following Procedures Would an Auditor Most Likely

question 2

Multiple Choice

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

• A)Investigate changes in shareholders' equity occurring after year-end.
• B)Recalculate a sample of large-dollar transactions occurring after year-end for arithmetic accuracy.
• C)Confirm bank accounts established after year-end.
• D)Inquire of the entity's solicitor concerning litigation, claims and assessments arising after year-end.

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Definitions:

French Revolution

was a period of radical social and political upheaval in France from 1789 to 1799 that significantly influenced the decline of monarchies and churches in Europe.

Bill Of Rights

A collective term for the first ten amendments to the United States Constitution, which guarantee fundamental civil rights and freedoms.

New Congress

The term used to describe a freshly elected legislative body of a country, typically following general elections.

Federalists

A political group in the early United States advocating for a strong federal government and the implementation of the Constitution, led by figures such as Alexander Hamilton and John Adams.