Which of the following procedures would a CPA most likely perform in the planning stage of a financial statement audit?

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Here is the solution for Which of the following procedures would a CPA most likely perform in the planning stage of a financial statement audit?. The solution is given after the options.

Which of the following procedures would a CPA most likely perform in the planning stage of a financial statement audit?

Obtain representations from management regarding the availability of all financial records.

Communicate with those charged with governance concerning the prior year’s audit adjustments.

Make inquiries of the client’s attorney regarding pending and threatened litigation and assessments.

Compare recorded financial information with anticipated results from budgets and forecasts.

Correct Answer

Compare recorded financial information with anticipated results from budgets and forecasts.

Explanation:

Compare recorded financial information with anticipated results from budgets and forecasts. is the answer for Which of the following procedures would a CPA most likely perform in the planning stage of a financial statement audit?

Conclusion:

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