Which of the following is least likely to be a procedure included in an accountant’s review of interim financial information of a public entity? a. Compare disaggregated revenue data by month to that of the previous interim period. b. Read available minutes of meetings of stockholders. c. Inquire of management concerning significant journal entries and other adjustments. d. Observe counting of physical inventory.
Which of the following is least likely to be a procedure included in an accountant’s review of interim financial information of a public entity? a. Compare disaggregated revenue data by month to that of the previous interim period. b. Read available minutes of meetings of stockholders. c. Inquire of management concerning significant journal entries and other adjustments. d. Observe counting of physical inventory.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following is least likely to be a procedure included in an accountant’s review of interim financial information of a public entity?
a.
Compare disaggregated revenue data by month to that of the previous interim period.
b.
Read available minutes of meetings of stockholders.
c.
Inquire of management concerning significant
d.
Observe counting of physical inventory.
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