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    Business
  3. Study Set
    Modern Auditing Assurance
  4. Exam
    Exam 12: Audit Procedures in Response to Assessed Risks: Substantive Tests
  5. Question
    The Traditional Audit Focuses on the Test of Details of Balances
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The Traditional Audit Focuses on the Test of Details of Balances

Question 61

Question 61

True/False

The traditional audit focuses on the test of details of balances for income statement accounts rather than balance sheet accounts.

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