Which of the following audit procedures is least likely to detect an unrecorded liability?
A)Analysis and recomputation of interest expense.
B)Analysis and recomputation of depreciation expense.
C)Mailing of standard bank confirmation forms.
D)Reading of the minutes of meetings of the board of directors.

Question

Quizplus · Accepted Answer

Analyzing and recomputing depreciation expense relates to fixed assets and has little influence on liabilities. The other procedures have more relevance to identifying unrecorded liabilities.

Which of the Following Audit Procedures Is Least Likely to Detect