Which one of the following is not an audit procedure used when testing restructuring charges?
A)Review current and proposed financial accounting standards to determine if changes have occurred in accounting for restructuring.
B)Evaluate the qualifications of management.
C)Mathematically test the estimates.
D)Review and independently test the estimates by reviewing (a)contracts, (b)appraisals for property or estimates from investment bankers,and (c)severance contracts.

Question

Quizplus · Accepted Answer

Evaluating the qualifications of management is not a direct audit procedure for testing restructuring charges. Audit procedures typically focus on reviewing documents, testing estimates, and ensuring compliance with accounting standards, rather than assessing management's qualifications.

Which One of the Following Is Not an Audit Procedure