28.

1. Which of the following procedures would an auditor most likely perform in obtaining evidence about subsequent events?

    1. Examine changes in the quoted market prices of investments purchased since the year end. 

    2. Compare the latest subsequent interim financial information with the financial statements being reported upon. 

    3. Apply analytical procedures to the details of the balance sheet accounts that were tested at interim dates. 

    4. Inquire about payroll checks that were recorded and cashed after the year end. 

   	A.	2 and 3, but not 1 or 4
   	B.	1 and 4, but not 2 or 3
   	C.	2 and 4, but not 1 or 3
   	D.	1 and 3, but not 2 or 4