Multiple Choice
If no material differences are found using analytical procedures, and the auditor concludes that misstatements are not likely to have occurred,
A) other substantive tests may be reduced.
B) it will be necessary to increase the tests of balances.
C) it will not be necessary to perform tests of balances.
D) it will be necessary to increase the tests of transactions.
Correct Answer:
Verified
Correct Answer:
Verified
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