Multiple Choice
Which of the following substantive tests of cash account balances are always performed?
A) Examine the client's bank reconciliations
B) Test cut-off of cash receipts,cash payments and transfers at year-end
C) Confirm cash held by others
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Which of the following account balances are
Q17: The two key assertions for inventory are
Q18: Provisions can be easily audited by controls
Q19: Physically sighting fixed assets enables the auditor
Q20: Accounts that are clearly trivial or immaterial
Q22: The typical procedures performed to search for
Q23: Ensuring that accounts payable are stated at
Q24: Explain how substantive testing is used for
Q25: Ensuring that all property,plant and equipment owned
Q26: When substantive tests performed identify errors or