Harvey, CPA is preparing an audit program for the purpose of ascertaining the occurrence of subsequent events that may require adjustment or disclosure essential to a fair presentation of the financial statements in conformity with generally accepted accounting principles. Which one of the following procedures would be least appropriate for this purpose?

A. Confirm, as of the completion of fieldwork, accounts receivable that have increased significantly from the year-end date.

B. Read the minutes of the board of directors.

C. Inquire of management concerning events that may have occurred.

D. Obtain a lawyer's letter as of the completion of fieldwork.


A. Confirm, as of the completion of fieldwork, accounts receivable that have increased significantly from the year-end date.

Business

You might also like to view...

Rent and insurance are examples of variable costs. 

Answer the following statement true (T) or false (F)

Business

Compare and contrast line extensions and product modifications.

What will be an ideal response?

Business

The creative services department of an agency analyzes, selects, and contracts for space or time in the media that will be used to deliver the client's advertising message.

Answer the following statement true (T) or false (F)

Business

Identify the computer software utility that allows more data to be stored on a disk by substituting short code for frequently repeated patterns of data

A) file defragmentation B) data compression C) device drivers D) file conversion E) disk and data recovery

Business