Inquiry and analytical procedures ordinarily performed during a review of an entity's half-yearly financial report include:
A) inquiries concerning actions taken at meetings of the board of directors.
B) analytical procedures designed to identify material weaknesses in internal accounting control.
C) inquiries of knowledgeable outside parties such as the client's attorneys and bankers.
D) analytical procedures designed to test the accounting records by obtaining corroborating evidential matter.

Question

Quizplus · Accepted Answer

During a review of an entity's financial report, inquiries concerning actions taken at meetings of the board of directors are typically performed to understand significant decisions that may affect the financial statements.

Inquiry and Analytical Procedures Ordinarily Performed During a Review of an Entity's