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Author Question: The primary purpose of audit procedures is to (Read 20 times)

kmcolvin

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Question 1

The evaluations of financial information through analysis of plausible relationships among financial and nonfinancial data is the definition of
◦ analytical procedures.
◦ tests of transactions.
◦ tests of balances.
◦ auditing.

Question 2

The primary purpose of audit procedures is to
◦ detect all errors or fraudulent activities as well as illegal activities.
◦ comply with auditing standards promulgated by the PCAOB for publicly held clients.
◦ gather corroborative audit evidence about management's assertions regarding the client's financial statements.
◦ determine the amount of errors in the balance sheet accounts in order to adjust the accounts to actual.


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Marked as best answer by kmcolvin on Aug 21, 2022

marufp

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kmcolvin

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Reply 2 on: Aug 21, 2022
Excellent


smrtceo

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Reply 3 on: Yesterday
Gracias!

 

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