Question
In connection with the audit of the prepaid insurance account, which of the following procedures is usually not performed by the auditor? (1) Recompute the
In connection with the audit of the prepaid insurance account, which of the following procedures is usually not performed by the auditor?
(1) Recompute the portion of the premium that expired during the year.
(2) Prepare excerpts of the insurance policies for audit documentation.
(3) Confirm premium rates with an independent insurance broker.
(4) Examine support for premium payments.
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
14th Edition
133081605, 132575957, 9780133081602, 978-0132575959
