Multiple Choice
Which of the following is not completed during phase IV of the audit?
A) Obtain a client representation letter.
B) Read information in the annual report to make sure that it is consistent with the financial statements.
C) Perform substantive tests of transactions.
D) Perform final analytical procedures.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Describe the five types of audit tests.
Q16: Tests of details of balances emphasize the
Q17: When auditors must decide which type of
Q18: When designing tests of controls and substantive
Q19: In accumulating final evidence upon which to
Q21: Which of the following tests commonly occur
Q22: Auditing standards require a written audit program.
Q23: Auditors follow a four-step approach to reduce
Q24: Tests of controls, either manual or automated,
Q25: Which of the following audit tests form