Which of the Following Procedures Would Auditors Most Likely Perform

question 38

Multiple Choice

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

• A)Confirming a sample of material accounts receivable established after year-end.
• B)Comparing the financial statements being reported on with those of the prior period.
• C)Reading minutes of meetings of owners, management, or those charged with governance held after the date of the financial statements.
• D)Inquiring as to whether any unusual adjustments were made just before year-end.

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Definitions:

Depression

A common and serious medical illness that negatively affects how one feels, thinks, and acts, characterized by feelings of sadness, loss of interest in activities, and a range of physical and cognitive symptoms.

Functional Assessment

An evaluation of an individual's physical abilities and limitations to determine the level of function and independence.

Observe

To watch attentively or monitor something or someone, often for a specific purpose such as gathering information or conducting a scientific study.

IADLs

Instrumental Activities of Daily Living, which include managing finances, handling transportation, shopping, and using telephones and computers.