Which of the following procedures would an auditor least likely perform before the balance sheet date?
A) Assessment of inherent risk.
B) Observation of merchandise inventory.
C) Assessment of control risk.
D) Identification of related parties.

Question

Quizplus · Accepted Answer

Observation of merchandise inventory is typically done close to the balance sheet date to ensure accurate valuation and existence of inventory. The other procedures listed may be done prior to the balance sheet date.

Which of the Following Procedures Would an Auditor Least Likely