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Which of the Following Engagement Planning Procedures Would Most Likely

Question 91

Essay

Which of the following engagement planning procedures would most likely assist the auditor in identifying related-party transactions before the balance-sheet date?
- Interviewing internal auditors about their reporting responsibilities.
- Reviewing accounting records for recurring transactions occurring near year-end.
- Inspecting communications with the client's legal counsel regarding recorded contingent liabilities.
- Scanning the minutes for significant transactions with members of the board of directors.

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Scanning the minutes for signi...

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