Substantive Tests of Costs and Expenses That Are Always Performed

Multiple Choice

Substantive tests of costs and expenses that are always performed include:

A) reviewing interim financial statements and investigating fluctuations or the absence of expected changes.
B) comparing the current year's expenses to the prior year's actual and the current year's budgeted amounts.
C) obtaining detailed analysis of selected costs and expense accounts and tracing the details to the source data.
D) all of the above.