A) a legal document in which the grantor transfers assets to the trustee who manages them for the beneficiaries B) the person who creates a trust

Which of the following is NOT considered to be a factor that affects the external environment?

A) Interest rates B) Expansion and recession of the economy C) Dividend policy D) Credit conditions

Which one of the following is not an example of an additional procedure that typically relates to the discovery of subsequent events?

a. Partner review of all workpapers. b. Reading interim financial statements and comparing them to the audited statements to note significant changes. c. Reading the board of directors' minutes for all meetings during the year and after year- end through the end of field work. d. Management inquiry.