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.

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Definitions:

Child Abuse

Physical, sexual, emotional maltreatment, or neglect of a child by a parent, guardian, or other person.

Realistic Expectations

Anticipations or hopes that are grounded in reality and achievable, taking into account practical limitations and circumstances.

Email

A digital method of sending and receiving messages through electronic devices over a network.

Positive Effects

Positive effects refer to beneficial outcomes or advantageous impacts resulting from a specific action, behavior, or policy.