Which of the Following Is Not a Procedure That Auditors

question 26

Multiple Choice

Which of the following is not a procedure that auditors typically perform to search for significant events during the period after year-end but prior to the audit report date?

• A) Review minutes of board of directors' meeting.
• B) Review the latest available interim financial statements.
• C) Inquire about any unusual adjustments made subsequent to the balance sheet date.
• D) Review changes in internal control during the period subsequent to the balance sheet date.

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Definitions:

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, often leading to riskier or more conservative outcomes depending on the context.

Homophobic

Exhibiting or characterized by prejudice against homosexual people.

Deindividuation

A psychological state characterized by lowered self-consciousness, decreased sense of personal responsibility, and increased behavior in line with group norms, often seen in large groups or anonymous contexts.

Ku Klux Klan

A secretive and often violent organization in the United States, historically advocating for white supremacy, white nationalism, and anti-immigration sentiments.