Which of the following audit procedures is least likely to detect an unrecorded liability?
A. Analysis and recomputation of interest expense.
B. Analysis and recomputation of depreciation expense.
C. Mailing of standard bank confirmation forms.
D. Reading of the minutes of meetings of the board of directors.
B. Analysis and recomputation of depreciation expense.
You might also like to view...
Characterize the following statements about changes in chromosome number and structure as True or False.Monosomy occurs when an individual has only one of a particular type of chromosome.
Answer the following statement true (T) or false (F)
A letter of authorization authorizes the researcher to proceed with the project and specifies its scope and terms of the contract
Indicate whether the statement is true or false
Someone authorized to act on behalf of another is generally known as a(n):
A) Independent contractor. B) Agent. C) Employee. D) Surety.
A lawsuit charged a mortgage lender with racism because it allegedly charged African-American borrowers higher rates than other borrowers. News of the lawsuit was reported by the wire service, and it appeared in several newspapers. This is an example of
A. negative publicity. B. sales detraction. C. cause selling. D. bait-and-switch advertising. E. negative advertising.