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Author Question: If the auditor has obtained a reasonable level of assurance about the fair presentation of the ... (Read 52 times)

Ethanolson3

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on: Aug 21, 2022

Question 1

Direct, written communication with the client's customers to identify whether a receivable exists is an example of a(n)
◦ substantive test of transactions.
◦ test of controls.
◦ analytical procedure.
◦ test of details of balances.

Question 2

If the auditor has obtained a reasonable level of assurance about the fair presentation of the financial statements through understanding internal control, assessing control risk, testing controls, and analytical procedures, then the auditor
◦ can issue an unqualified opinion.
◦ can significantly reduce other substantive tests.
◦ can write the engagement letter.
◦ needs to perform additional tests of controls so that the assurance level can be increased.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Ethanolson3 on Aug 21, 2022

KeriJennin

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Ethanolson3

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

Dnite

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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