Multiple Choice
Which one of the following statements is NOT correct?
A) Tests of transactions are often performed several months prior to the balance sheet date.
B) It is common to use analytical procedures at any time during the audit.
C) Tests of details of balances are normally the last tests performed.
D) When controls are not considered effective, or when control deviations are discovered, substantive tests will be eliminated.
Correct Answer:
Verified
Correct Answer:
Verified
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