Multiple Choice
Which statement is correct?
A) Assertions affected by highly objective estimates usually require direct tests of balances.
B) The materiality of the account totally dictates the substantive procedures to be performed.
C) The evidence the auditor obtains from risk assessment procedures does not influence the substantive procedures to be performed.
D) The extent and results of control tests performed by the auditor will influence the substantive procedures to be performed.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Assertions about existence address whether assets and
Q20: Which of the following factors influence the
Q21: The PCAOB does not currently have a
Q22: Which type of audit documentation is required
Q23: Tests of controls are a type of
Q25: An integrated audit requires the issuance of
Q26: An auditor would follow the PCAOB's guidance
Q27: Which assertion addresses whether all transactions and
Q28: Which of the following statements is true
Q29: The AICPA's fundamental principles can be divided