A)Describe the Five Types of Audit Tests Used to Determine

Essay

A)Describe the five types of audit tests used to determine whether financial statements are fairly stated.Identify which types are substantive tests and which are used to reduce assessed control risk.B)There are several types of audit procedures that relate to the auditor's understanding of internal control.One type of procedure is to update and evaluate the auditor's previous experience with the entity.Identify the four additional types of procedures related to understanding internal control.