Multiple Choice
Which of the following procedures would a CPA most likely perform in the planning phase of a financial statement audit?
A) Make inquiries of the client's lawyer concerning pending litigation.
B) Perform cutoff tests of cash receipts and disbursements.
C) Compare financial information with nonfinancial operating data.
D) Recalculate the prior year's accruals and deferrals.
Correct Answer:
Verified
Correct Answer:
Verified
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