Question 1
A procedure designed to test for monetary misstatements directly affecting the correctness of financial statement balances is a
◦ test of controls.
◦ substantive test.
◦ test of attributes.
◦ monetary unit sampling test.
Question 2
A system walkthrough is primarily used to help the auditor
◦ test the ending account balances.
◦ test the details of transactions.
◦ determine whether internal controls have been properly implemented.
◦ determine whether the audit engagement should be accepted.