Multiple Choice
Which of the following statements is not true?
A) Analytical procedures emphasize the overall reasonableness of transactions and balances.
B) Tests of controls are concerned with evaluating whether controls are sufficiently effective to justify reducing control risk and thereby reducing analytical review procedures.
C) Substantive tests of transactions emphasize the verification of transactions recorded in the journals and then posted in the general ledger.
D) Tests of details of balances emphasize the ending balances in the general ledger.
Correct Answer:
Verified
Correct Answer:
Verified
Q90: If the auditor's test of controls supports
Q91: There is a direct relationship between the
Q92: Management implements internal controls to ensure that
Q93: Collectively, procedures performed to obtain an understanding
Q94: Which of the following is ordinarily designed
Q96: One factor that determines the amount of
Q97: The amount of additional evidence required for
Q98: For clients with highly sophisticated computerized accounting
Q99: Auditors must perform tests of controls separately
Q100: An increased extent of tests of controls