Which One of the Following Is Not an Audit Procedure

question 39

Multiple Choice

Which one of the following is not an audit procedure used when testing restructuring charges?

• A)Review current and proposed financial accounting standards to determine if changes have occurred in accounting for restructuring.
• B)Evaluate the qualifications of management.
• C)Mathematically test the estimates.
• D)Review and independently test the estimates by reviewing (a)contracts, (b)appraisals for property or estimates from investment bankers,and (c)severance contracts.

---

Definitions:

Necessary Reagents

Chemical substances required to carry out a specific chemical reaction, often used to facilitate or enable transformations in organic synthesis.

Reaction

A process through which one or more substances are changed into one or more different substances, involving the rearrangement of atoms.

Major Organic Product

The leading output of an organic chemical reaction, characterized by its highest production level.

Structure

The arrangement and relations between parts or elements of something complex, often used to describe the molecular arrangement in chemistry.