medium10 pts · first answer countsrelated-parties

Finding undisclosed related parties

Which set of procedures helps the auditor identify related parties and transactions management has not disclosed?

A.Inspecting bank confirmations, board minutes, significant contracts and director declarations of interest, and staying alert for unusual transactionsB.Only asking management for a listC.Recalculating depreciationD.Sending negative confirmations to all customers

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Finding undisclosed related parties

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