Which of the following auditing procedures is ordinarily performed last?
A)Confirming accounts payable.
B)Testing the purchasing function.
C)Reading the minutes of directors' meetings for evidence of authorization of acquisition of fixed assets.
D)Obtaining a management representation letter.

Question

Quizplus · Accepted Answer

Obtaining a management representation letter is typically the last auditing procedure performed. This is because it involves obtaining a written statement from management confirming the accuracy and completeness of the information provided to the auditor during the audit. It is usually obtained after all other audit procedures have been completed to ensure that all necessary information has been gathered before management affirms its accuracy.  Confirming accounts payable, testing the purchasing function, and reading the minutes of directors' meetings can all be completed at different stages throughout the audit.

Which of the Following Auditing Procedures Is Ordinarily Performed Last