Q:

During the initial planning phase of an audit, a CPA most likely would

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During the initial planning phase of an audit, a CPA most likely would


  1. Identify specific internal control activities that are likely to prevent fraud.
  2. Inquire of the entity\'s attorney if it is probable that any unrecorded claims will be asserted.
  3. Discuss the timing of the audit procedures with the entity\'s management.
  4. Evaluate the reasonableness of the entity\'s accounting estimates.

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