4. During the initial planning phase of an audit, a CPA most likely would: ...
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Accounting
During the initial planning phase of an audit, a CPA most likely would: a evaluate the reasonableness of the entitys accounting estimates. b discuss the timing of the audit procedures with the entitys management. c identify specific internal control activities that are likely to prevent fraud. d inquire of the entitys attorney if it is probable that any unrecorded claims will be asserted.
During the initial planning phase of an audit, a CPA most likely would:
a evaluate the reasonableness of the entitys accounting estimates.
b discuss the timing of the audit procedures with the entitys management.
c identify specific internal control activities that are likely to prevent fraud.
d inquire of the entitys attorney if it is probable that any unrecorded claims will be asserted.
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