An Audit Firm Will Test the Pension Obligation of a Client

Multiple Choice

An audit firm will test the pension obligation of a client by performing which of the following procedures?

A) calculating the actuarial assumptions and providing a journal entry.
B) evaluating the actuary's independence and competent and sufficiency of the evidence..
C) asking the client to adjust the long-term discount rate to smooth expenses.
D) taking a sample of employees,tracing estimated lives to death certificates.