Ordinarily, Which of the Following Procedures Should Be Applied When

question 20

Multiple Choice

Ordinarily, which of the following procedures should be applied when an independent accountant conducts a review of interim financial information of a publicly held company?

• A) Verify changes in key account balances.
• B) Read the minutes of the board of directors' meetings.
• C) Inspect the open purchase order file.
• D) Perform cutoff tests for cash receipts and disbursements.

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