Which of the following procedures would least likely result in the discovery of possible illegal acts?

Question

Quizplus · Accepted Answer

Choice "D" is correct. Reviewing an internal control questionnaire provides information about control policies and procedures, but does not provide information about actual transactions or events that have occurred. Therefore, it is not likely to uncover any illegal acts. Choices "A" and "B" are incorrect. The auditor generally does not include procedures specifically to detect illegal acts, but may discover such acts through other procedures, such as reading the board minutes or making inquiries of management or of legal counsel. Choice "C" is incorrect. Performing tests of details of transactions may provide information indicative of illegal acts, such as information regarding unauthorized or improperly recorded transactions; payments of unusual fines or penalties; payments that are unusually large or excessive, especially those made in cash; unexplained payments; or payments for unspecified services.

Which of the Following Procedures Would Least Likely Result in the Discovery