10. Whieh of the following is not a procedure normally performed at the very end of the audit just prior to issuing an audit opinion a. Obtain a lawyer's leter b. Obtain a management representations letter Perform an overall review using analytical procedures d. Test the system of internal control 31. Which of the following is an analytical procedure that should be applied to the income items and trace amounts to related supporting documents statement? a. Select sales and expense b. Ascertain that the net income amount in the statement of cash flows agrees w with the e. Obtain from the proper elient representatives, the beginning and ending invente d. Compare the actual revenues and expenses with the corresponding figures of net income amount in the income statement amounts that were used to determine costs of sales. previous year and investigate significant differences the 32. When auditing liabilities the auditor's primary emphasis is on existence . completeness , valuation presentation 33. Which one of the following procedures in unlikely to help the auditor identify subsequent events a. read board of director's minutes b. read interim financial statements for the first quarter of the new year (i.e. following the balance sheet date) c. review last year's working papers d inquire of attorney regarding ongoing or new litigation 34 Which of the following subsequent events would not result in an adjustment to the December 31st financial statements being audited? a final settlement of a lawsuit against the client on January 10th b declaration of bankruptcy by a major customer with a large year-end balance on January 15th c. assessment of additional prior year taxes by the IRS on January 18th t uninsured loss of inventory due to a fire on January 5th