Which of the Following Is Not a Substantive Audit Procedure

question 21

Multiple Choice

Which of the following is not a substantive audit procedure for leases?

• A)Obtain and read copies of lease agreements and develop a schedule of leases.
• B)Review relevant expense accounts and determine if there are entries related to leases.
• C)For all operating leases,determine that the client has recorded assets and lease obligations properly.
• D)Review the client's disclosure of lease obligations for compliance with GAAP.

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Definitions:

Conditional Response

A conditioned reaction to a once neutral stimulus that has become associated with an unconditioned stimulus through repeated pairing.

Anticipatory Response

A reaction that occurs in anticipation of an upcoming event or stimulus, often based on previous experiences or expectations.

Operant Conditioning

An educational method where behavior intensity is altered through rewards or penalties.

Classical Conditioning

A behavioral learning process in which two stimuli are regularly paired; the response initially caused by the second stimulus is ultimately solely caused by the first stimulus.