Which of the following audit procedures is least likely to detect an unrecorded liability?
A)Analysis and re-computation of depreciation expense.
B)Analysis and re-computation of interest expense.
C)Reading of the minutes of meetings of the board of directors.
D)Analysis of response to a bank confirmation request.

Question

Quizplus · Accepted Answer

Analysis and re-computation of depreciation expense is primarily concerned with the allocation of the cost of tangible assets over their useful lives, rather than the identification of unrecorded liabilities.

Which of the Following Audit Procedures Is Least Likely to Detect