Homework Clinic

Social Science Clinic => Accounting => Topic started by: 0220521 on Aug 21, 2022

Title: The purpose of tests of controls is to provide reasonable assurance that the
Post by: 0220521 on Aug 21, 2022

Question 1

The primary emphasis in most tests of details of balances is on the
◦ balance sheet accounts.
◦ revenue accounts.
◦ cash flow statement accounts.
◦ expense accounts.

Question 2

The purpose of tests of controls is to provide reasonable assurance that the
◦ accounting treatment of transactions and balances is valid and proper.
◦ internal control procedures are functioning as intended.
◦ entity has complied with GAAP disclosure requirements.
◦ entity has complied with requirements of quality control.

Title: The purpose of tests of controls is to provide reasonable assurance that the
Post by: Preeti on Aug 21, 2022

Answer 1

balance sheet accounts.

Answer 2

internal control procedures are functioning as intended.