For which of the following accounts is it most likely that most of the audit work can be performed in advance of the balance sheet date?
A)Accounts receivable.
B)Cash.
C)Current marketable securities.
D)Property,plant,and equipment.

Question

Quizplus · Accepted Answer

Property, plant, and equipment are typically long-term assets with less frequent transactions, allowing auditors to perform much of the audit work before the balance sheet date.

For Which of the Following Accounts Is It Most Likely