The auditor is concerned about the audit client's closing procedures to ensure
A) transactions and events have been recorded in the correct accounting period.
B) closing procedures have been correctly applied.
C) the financial statements accurately reflect the results of the audit client's closing procedures.
D) all of the above

Question

Quizplus · Accepted Answer

The auditor's concern about the audit client's closing procedures encompasses all three options presented, namely: ensuring that transactions and events have been recorded in the correct accounting period, verifying that closing procedures have been correctly applied, and confirming that the financial statements accurately reflect the results of the audit client's closing procedures. These are all crucial aspects in ensuring the reliability and accuracy of the audit client's financial statements.

The Auditor Is Concerned About the Audit Client's Closing Procedures