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:

Biotic

Relating to or resulting from living things, especially in their ecological relations.

Ecosystems

Communities of living organisms in conjunction with the nonliving components of their environment, interacting as a system.

Pyramid of Biomass

A depiction of the decreasing mass of organisms found as one ascends through the food chain.

Pyramid of Energy

A graphical representation that shows the flow of energy at different trophic levels in an ecosystem, with the largest amount of energy at the base and decreasing amounts as you move up.