Multiple Choice
Which of these substantive procedures is not used to obtain evidence about contingencies?
A) Scanning expense accounts for credit entries.
B) Obtaining a letter from the client's attorney.
C) Reading the minutes of the board of directors' meetings.
D) Examining terms of sale in sales contracts.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Reviewing the latest interim financial statements is
Q3: The primary objective of analytical procedures used
Q4: The review of audit documentation by a
Q6: Which of the following is not a
Q7: A communication that provides the client with
Q8: Assume that T.Rory is auditing the financial
Q9: To obtain evidence regarding litigation,claims,and assessments,auditors request
Q10: Which of the following parties provides a
Q11: A situation in which substantial doubt exists
Q31: To whom should written representations be addressed?<br>A)Auditors<br>B)Board