Inquiry and Analytical Procedures Ordinarily Performed During a Review of a Nonpublic

question 25

Multiple Choice

Inquiry and analytical procedures ordinarily performed during a review of a nonpublic entity's financial statements include

• A) Analytical procedures designed to identify material weaknesses in internal control.
• B) Inquiries concerning actions taken at meetings of the stockholders and the board of directors.
• C) Analytical procedures designed to test the accounting records by obtaining corroborating evidential matter.
• D) Inquiries of knowledgeable outside parties such as the entity's attorneys and bankers.

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Definitions:

Vital Signs

Of life; specifically, the pulse rate, respiratory rate, body temperature, and often blood pressure of a person.

Blood Loss

The reduction of blood volume in the body, which can result from injury, surgery, or a medical condition.

Support Skin Closure

Techniques or devices used to close wounds in the skin, promoting healing and reducing scarring.

Sutures Removed

The process of taking out stitches, which were placed to close a wound or surgical incision, after it has sufficiently healed.