Which of the following auditing procedures most likely would assist auditors in
ID: 2477977 • Letter: W
Question
Which of the following auditing procedures most likely would assist auditors in identifying conditions and events that may indicate substantial doubt about an entity's ability to continue as a going concern?
[None Given]
Inspecting title documents to verify whether any assets are pledged as collateral
Confirming with third parties the details of arrangements to maintain financial support
Reconciling the client's cash balance with the cut-off bank statement and the bank confirmation
Comparing the entity's depreciation and asset capitalization policies to other entities in the industry
Which of the following auditing procedures most likely would assist auditors in identifying conditions and events that may indicate substantial doubt about an entity's ability to continue as a going concern?
Selected Answer:[None Given]
Answers:Inspecting title documents to verify whether any assets are pledged as collateral
Confirming with third parties the details of arrangements to maintain financial support
Reconciling the client's cash balance with the cut-off bank statement and the bank confirmation
Comparing the entity's depreciation and asset capitalization policies to other entities in the industry
Explanation / Answer
[None Given]
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