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karamvir19 karamvir19
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A year ago
The audit procedures for the subsequent events review can be divided into two categories: 
(1) procedures integrated as a part of the verification of year-end account balances, and 
(2) those performed specifically for the purpose of discovering subsequent events. Which of the following procedures is in the first category?

▸ Inquire of client regarding contingent liabilities.

▸ Obtain a letter of representation written by client.

▸ Subsequent period sales and purchase transactions are examined to determine whether the cutoff is accurate.

▸ Review journals and ledgers of year 2 to determine the existence of any transactions related to year 1.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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sandra15sandra15
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A year ago
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karamvir19 Author
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A year ago
Thanks
shangshang
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Yesterday
Thank you, thank you, thank you!
fgarza2146
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2 hours ago
this is exactly what I needed
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