80.Which of the following procedures would an auditor most likely perform in planning a financialstatement audit?a.Inquiring of the client’s legal counsel concerning pending litigation.b.Comparing the financial statements to anticipated results.c.Examining computer generated exception reports to verify the effectiveness of internal control.d.Searching for unauthorized transactions that may aid in detecting unrecorded liabilities. Show
81.Analytical procedures used in planning an audit should focus on82.The objective of performing analytical procedures in planning an audit is to identify the existence of Get answer to your question and much more Get answer to your question and much more 83.Which of the following nonfinancial information would an auditor most likely consider in performinganalytical procedures during the planning phase of an audit?84.An auditor should design the written audit program so that Get answer to your question and much more a.All material transactions will be selected for substantive testing.b.Substantive tests prior to the balance sheet date will be minimized.c.The audit procedures selected will achieve specific audit objectives.d.Each account balance will be tested under either tests of controls or tests of transactions. 85.The audit program usuallycannotbe finalized until the Get answer to your question and much more 86.Audit programs should be designed so that Get answer to your question and much more a. Make a preliminary judgment about materiality. b. Confirm a sample of the entity's accounts payable with known creditors. c. Obtain written representations from management that there are no unrecorded transactions. d. Communicate management's initial selection of accounting policies to the audit committee. Home » Test Prep » CPA Auditing and Attestation » Which of the following procedures would an auditor most likely perform in planning a financial statement audit? Which of the following procedures would an auditor most likely perform in planning a financial statement audit? Last Updated on February 3, 2022 by Admin 3
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Which of the following procedures will an auditor most likely perform when evaluating audit evidence at the completion of the audit?Which of the following procedures will an auditor most likely perform when evaluating audit evidence at the completion of the audit? Consider whether the results of audit procedures affect the assessment of the identified risks of material misstatement due to fraud.
Which of the following is an analytical procedure that an auditor most likely would perform when planning an audit quizlet?Compare recorded financial information with anticipated results from budgets and forecasts. Which of the following analytical procedures that an auditor most likely would perform when planning an audit? Comparing current year balances to budgeted balances.
Which of the following procedures would an auditor most likely perform prior to the balance sheet?Which of the following procedures would an auditor most likely perform prior to the balance sheet date? Auditing significant travel and entertainment expenses can be performed at an interim period, applying procedures to transactions occurring between the testing and the end of the period, as appropriate.
Which of the following procedures would an auditor most likely to perform to test controls?Which of the following audit procedures would an auditor most likely perform to test controls relating to management's assertion concerning the completeness of sales transactions? Inspect the entity's reports of prenumbered shipping documents that have not been recorded in the sales journal.
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Which of the following procedures would an auditor most likely perform in a planning a financial statement audit?
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