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    Auditing and Assurance Services Study Set 1
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    Exam 19: Completing the Tests in the Acquisition and Payment Cycle: Verification of Selected Accounts
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    Which Type of Audit Procedure Would Normally Be Sufficient for Purposes
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Which Type of Audit Procedure Would Normally Be Sufficient for Purposes

Question 41

Question 41

Multiple Choice

Which type of audit procedure would normally be sufficient for purposes of auditing prepaid expenses and deferred charges?


A) Tests of controls
B) Tests of transactions
C) Tests of details of balances
D) Analytical procedures

Correct Answer:

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