Which of the Following Procedures Would Not Be Performed in a Review

question 38

Multiple Choice

Which of the following procedures would not be performed in a review of the financial statements of a private company?

• A)Enquire about the accounting system and bookkeeping procedures.
• B)Perform analytical procedures to identify relationships and individual items that appear to be unusual.
• C)Obtain a lawyer's letter about claims and possible claims.
• D)Study the financial statements for indications that they conform to generally accepted accounting principles.

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Definitions:

Salesforce Organizational Structure

A system defining how the salesforce is organized within a company, including hierarchy, division of regions, product lines, or customer segments.

Geographical

Pertaining to the physical characteristics of a location or area, including its landforms, climate, and natural resources.

Customer

An individual or organization that purchases goods or services from a company.

Sales Plan Objective

A specific goal that an organization aims to achieve through its sales activities, often quantified by metrics such as revenue, units sold, or market share growth.