Substantive Tests of Costs and Expenses That Are Always Performed

Multiple Choice

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

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