Which of the following is not a procedure normally performed while completing the audit of a public company?
A) Obtain a lawyer's letter.
B) Obtain a representations letter.
C) Perform an overall review using analytical procedures.
D) Confirm directly with shareholders the total capital stock held by each.

Question

Quizplus · Accepted Answer

Confirming directly with shareholders the total capital stock held by each is not typically performed during the audit of a public company. This is because the auditors do not have direct access to the shareholders' information and it is not considered a necessary audit procedure as the company's capital stock information can be obtained through other reliable sources. A, B, and C are all standard audit procedures that are typically performed during an audit of a public company.

Which of the Following Is Not a Procedure Normally Performed