Shawna, a forensic accountant, has been hired by a large company to te

QUESTION

Shawna, a forensic accountant, has been hired by a large company to test the company’s financial statements. There are questions about the accuracy of records that were entered by bookkeepers.

Which of the following steps of the accounting process will Shawna most likely focus on?
A) putting transactions into a ledger
B) putting journal entries into a ledger
C) running a trial balance
D) looking at financial statements
E) doing ratio analyses

ANSWER

Answer: C
Explanation: C) A trial balance using the bookkeeping already done will tell whether there are any discrepancies or other inaccuracies in the bookkeeping.