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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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