Multiple Choice
Substantive tests of details of balances are specific procedures intended to
A) identify the details of internal controls.
B) prove that the accounts with material balances are classified correctly.
C) detect monetary misstatements in the financial statements.
D) prove that the trial balance is in balance.
Correct Answer:
Verified
Correct Answer:
Verified
Q69: Which of the following statements is true
Q70: During the audit process steps,when will the
Q71: Flagpole Company Limited recently upgraded its accounting
Q72: Balance-related audit objectives are applied to which
Q73: When applying professional judgment,auditors are required to
Q74: The Big Insurance Company implemented a new
Q75: Sean Clem has done a review engagement
Q76: Marianne is currently performing tests of controls
Q78: You have been assigned as the in-charge
Q79: Jane's employer purchased a new calculator this