50 Which of the following procedures is not customarily used by the auditors in determining the existence of related parties? Multiple Choice Review prior years' work papers for the names of known related parties. Inquire of appropriate management personnel as to the names of all related parties and whether there were any transactions with these parties during the period. Inquire of customers, suppliers, and employees as to their knowledge of related-party transactions. Evaluate the company's procedures for identifying and properly accounting for related-party transactions. Help Save