Multiple Choice
Which of the following audit tests is usually the least costly to perform?
A) Tests of controls.
B) Substantive tests of transactions.
C) Analytical procedures.
D) Tests of balances.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q47: At which point in an ordinary sales
Q48: One cause of nonsampling risk is:<br>A) testing
Q49: When designing substantive tests of transaction for
Q50: Which of the following is not determined
Q51: At what point in the audit are
Q53: Discuss the major determinants of the extent
Q54: Match each of the descriptions with the
Q55: When posting items from the sales journal,
Q56: Tests of details of balances focus on
Q57: Management's assertions for sales and collection activities