Which of the following procedures would an auditor most likely perform while evaluating audit findings at the conclusion of an audit?
A) Obtain assurance from the entity's attorney that all material litigation has been disclosed in the financial statements.
B) Verify the clerical accuracy of the entity's proof of cash and its bank cutoff statement.
C) Determine whether reportable conditions have been corrected.
D) Develop an estimate of the total likely misstatement in the financial statements.

Question

Quizplus · Accepted Answer

At the conclusion of an audit, auditors evaluate audit findings by developing an estimate of the total likely misstatement in the financial statements to determine if the financial statements are materially misstated.

Which of the Following Procedures Would an Auditor Most Likely