Accounting · Auditing Procedures
Which of the following audit procedures is NOT required to be performed to form a conclusion as to whether the financial statements require amendment in relation to a pending legal claim?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Request that management confirm their views in a written representation
- 2Review the post year-end cash book for evidence of payments related to the claim
- 3Write directly to the claimant or finance director to negotiate the level of damages✓
- 4Inspect relevant correspondence with the company's lawyers
Correct answer
Write directly to the claimant or finance director to negotiate the level of damages
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