Multiple Choice
Harvey, CPA, is preparing an audit program for the purpose of ascertaining the occurrence of subsequent events that may require adjustment or disclosure essential to a fair presentation of the financial statements in conformity with applicable accounting standards. Which one of the following procedures would be LEAST appropriate for this purpose?
A) Confirm as of the completion of fieldwork accounts receivable that have increased significantly from the year- end date.
B) Read the minutes of the board of directors' meetings.
C) Inquire of management concerning events that may have occurred.
D) Obtain a legal counsel's letter as of the completion of fieldwork.
Correct Answer:
Verified
Correct Answer:
Verified
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