Which of the Following Audit Procedures Is least Likely to Detect

question 19

Multiple Choice

Which of the following audit procedures is least likely to detect an unrecorded liability?

• A)Analysis and recomputation of interest expense.
• B)Analysis and recomputation of depreciation expense.
• C)Mailing of a cash confirmation form.
• D)Reading of the minutes of meetings of the board of directors.

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Definitions:

Reliability

The degree to which a product, service, or system operates consistently over time, meeting the expected performance standards without failure.

Ease Of Doing Business

A metric that measures the regulatory environment in a country to determine how conducive it is for starting and operating a local firm.

Convenience

The quality of being able to easily use or access a product or service, enhancing the overall customer experience.

Delivery Status

Refers to the current location and condition of a package in the process of being delivered.