Which of the Following Substantive Procedures Would Not Ordinarily Be

question 19

Multiple Choice

Which of the following substantive procedures would not ordinarily be used by auditors in evaluating the potential existence of subsequent events?

• A)Reviewing the latest interim financial statements.
• B)Performing cut-off testing near year end.
• C)Inquiring of officers and other client executives.
• D)Obtaining written representations.

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Definitions:

Traditional

Pertaining to long-established customs, beliefs, or methods that are passed down from generation to generation.

Exploitation

The act of unfairly using someone or something for one's own advantage, often economically or socially.

Exploration

Refers to the act of investigating, studying, or examining unknown areas and ideas to gain new knowledge or insight.

Implementation

The act of putting a decision or plan into effect; executing or enacting a procedure or program.