Multiple Choice
In practice, early substantive tests of details of balances is done only when:
A) the client has a calendar year end.
B) internal controls are weak.
C) evidence indicates effective control policies and procedures.
D) the primarily substantive approach is taken.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Answer each of the following:<br>1.Control risk has
Q7: The auditor would be least likely to
Q8: When auditing accounting estimates, ASA 540 (ISA
Q9: The nature of substantive procedures refers to
Q10: If the predominantly substantive approach preliminary audit
Q12: A procedure the auditor would employ in
Q13: List two procedures that could be performed
Q14: 1. List the three assumptions that would
Q15: Which of these is not normally a
Q16: Confirmation and direct knowledge by the auditor