Which of the following procedures would an
auditor be most likely to perform in planning
a financial statement audit?
a. Reviewing investment transactions of the
audit period to determine whether
related parties were created.
b. Performing analytical procedures to
identify areas that may represent
specific risks.
c. Obtaining a written representation letter
from the client to emphasize
management's responsibilities.
d. Reading the minutes of stockholder and
director meetings to discover whether
any unusual transactions have occurred.
auditor be most likely to perform in planning
a financial statement audit?
a. Reviewing investment transactions of the
audit period to determine whether
related parties were created.
b. Performing analytical procedures to
identify areas that may represent
specific risks.
c. Obtaining a written representation letter
from the client to emphasize
management's responsibilities.
d. Reading the minutes of stockholder and
director meetings to discover whether
any unusual transactions have occurred.