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    Auditing and Assurance Services Study Set 2
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    Exam 22: Audit of the Capital Acquisition and Repayment Cycle
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    Assessed Control Risk and Results of Substantive Tests of Transactions
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Assessed Control Risk and Results of Substantive Tests of Transactions

Question 104

Question 104

Multiple Choice

Assessed control risk and results of substantive tests of transactions are normally unimportant for designing tests of details of balances for which of the following accounts?


A) accounts receivable
B) inventory
C) accounts payable
D) notes payable

Correct Answer:

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