Multiple Choice
Before auditors can use substantive analytical procedures, _______.
A) they must be ready to issue the preliminary audit opinion
B) they must consider the availability and reliability of data to be used to develop their expectation
C) they must consider the availability and reliability of data to be used to develop their audit opinion
D) they must be approved by the internal auditors beforehand
Correct Answer:
Verified
Correct Answer:
Verified
Q66: If the assessed risk of material misstatement
Q67: When evidence is collected at an interim
Q68: When the entity's control environment has been
Q69: An example of possible management bias would
Q70: A reliance on controls strategy would involve
Q72: What are substantive procedures?<br>A)Audit procedures designed to
Q73: A misstatement could occur with _.<br>A)an account
Q74: When internal controls are strong and the
Q75: AU-C 330 Performing Audit Procedures in Response
Q76: Some substantive procedures can only be performed