The second step in auditing investing activities _______.

Question

Quizplus · Accepted Answer

The second step in auditing investing activities involves determining what assets were acquired during the period. This is important to ensure that all acquisitions are properly accounted for and disclosed in the financial statements. Confirming the auditors issued opinion (A) is typically the last step in the audit process, determining disposed assets (B) is important for auding operating activities, and contacting the client's prior auditor (D) may be necessary for various audit steps, but is not specifically related to investing activities.

The Second Step in Auditing Investing Activities _______