Final answer:
The procedure not normally performed during an audit is obtaining confirmation of capital stockholdings from shareholders. Auditors confirm shareholdings through other means, such as transfer agents or company records, rather than contacting individual shareholders.
Step-by-step explanation:
The procedure that is not normally performed while completing an audit is D. Obtain confirmation of capital stockholdings from shareholders. During an audit, auditors rely on various methods to verify the existence and ownership of a company's shares. However, they typically do not seek direct confirmation from individual shareholders, as this would be impractical and costly. Instead, auditors will typically confirm shareholdings through third-party entities like transfer agents or by reviewing the records maintained by the company.
Procedures commonly performed during an audit include obtaining a lawyer's letter to provide information on legal matters, obtaining a representations letter from management affirming the accuracy of information provided, and performing an overall review using analytical procedures to identify any unusual trends or inconsistencies.