Multiple Choice
The auditor obtained an aged list of receivables and traced the accounts to the master file, footed the schedule, and traced the amounts to the general ledger. Which balance-related audit objective was met?
A) existence
B) cutoff
C) detail tie-in
D) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q56: When the auditor has completed the tests
Q57: Risk assessment procedures are performed by auditors
Q58: Auditors use substantive analytical procedures and tests
Q59: Tests of controls should be performed after
Q60: For automated controls, the auditor's procedures to
Q62: Risk assessment procedures are performed by the
Q63: For accounts with small balances and minimal
Q64: It is inappropriate for the auditor to
Q65: If no material differences are found using
Q66: The reliance the auditor places on substantive