Which One of the Following Is Not an Example of Additional

question 92

Multiple Choice

Which one of the following is not an example of additional procedures that relate to the discovery of subsequent events?

• A)Partner review of all workpapers.
• B)Reading interim financial statements and comparing them to the audited statements to note significant changes.
• C)Reading the board of directors' minutes for all meetings during the year and after year- end through the end of field work.
• D)Management inquiry.

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Definitions:

Buyer Surplus

The difference between the buyer’s value (what he is willing to pay) and the price (what he has to pay).

Seller Surplus

The difference between price (what the seller is able to sell for) and the seller’s value (what she is willing to sell for).

Individual's Value

The worth or significance of a person, often considered in terms of their qualities, actions, and contributions to society.

Willing

Displaying a readiness or preference towards a particular action or decision.