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Which of the following is NOT a planning procedure? Send a lawyer’s letter Determine involvement of...

Which of the following is NOT a planning procedure?

Send a lawyer’s letter

Determine involvement of consultants, specialists, & internal auditors

. Read current year’s interim financial statements.

Coordinate assistance of entity personnel

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Answer #1

Solution. The correct answer is send a lawyer's letter.

Planning procedures involves determining involvement of consultants,specialists,and internal auditors; reading current year's interim financial statements; coordinate assistance of entity personnel as they provide management with data which will guide as information in decision making process. Planning is performed taking previous and current year's operational data and encompasses how to control personnel's efficiency for maximum utilization. An effective planning directs an organization towards goal achievement and ignore loss to sustain for long in competitive economic market.

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