To gather evidence about transactions with related parties,an auditor would most likely ________.

Question

Quizplus · Accepted Answer

Scanning the aged trial balance for names of officers and directors is a direct method to identify transactions with related parties, as these individuals are often involved in such transactions. This helps the auditor to focus on potential areas where related party transactions might occur, ensuring that they are properly disclosed and accounted for in the financial statements.

To Gather Evidence About Transactions with Related Parties,an Auditor Would