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  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 22: Audit of the Capital Acquisition and Repayment Cycle
  5. Question
    Because the Accounts in the Capital Acquisition and Repayment Cycle
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Because the Accounts in the Capital Acquisition and Repayment Cycle

Question 67

Question 67

True/False

Because the accounts in the capital acquisition and repayment cycle contain few transactions, control risk and the results of substantive transactions are normally more important for designing tests of details of balances in these accounts.

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