AUD Game – Test monday!

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  • #196549
    holldaisy
    Member

    Saw this post from last year everyone the next person to post has to answer the previous question and post a new question for those to play along.

    First up.Which of the following procedures would a CPA most likely perform in the planning phase of a financial statement audit?

    a.

    Recalculate the prior year’s accruals and deferrals.

    b.

    Make inquiries of the client’s lawyer concerning pending litigation.

    c.

    Perform cutoff tests of cash receipts and disbursements.

    d.

    Compare financial information with nonfinancial operating data.

    who’s next??

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