Multiple Choice
When auditing accounting estimates, ASA 540 (ISA 540) suggests all of the following approaches except:
A) review and test the process used by management to develop the estimate.
B) use an independent estimate for comparison.
C) rely on management's representation.
D) review subsequent events.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Extensive tests of detail for an income
Q4: There are three steps in assessing the
Q5: Generalised audit software can be used for:<br>A)
Q6: Answer each of the following:<br>1.Control risk has
Q7: The auditor would be least likely to
Q9: The nature of substantive procedures refers to
Q10: If the predominantly substantive approach preliminary audit
Q11: In practice, early substantive tests of details
Q12: A procedure the auditor would employ in
Q13: List two procedures that could be performed