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Which of the following is the best audit procedure to obtain evidence of an organization's...

Which of the following is the best audit procedure to obtain evidence of an organization's legal ownership of a new property?

A.

Review documents registered with the appropriate governmental authority.

B.

Examine the board of directors' minutes and look for approvals to acquire property.

C.

Confirm with senior management and legal counsel concerning property acquisition.

D.

Confirm ownership with the title company that handles the escrow account.

IIA IIA-CIA-Part2 Summary

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