This topic contains a solution. Click here to go to the answer

Author Question: In the context of an audit of financial statements, substantive tests are audit procedures that (Read 146 times)

shivanipalawai@gmail.com

  • Full Member
  • ***
  • Posts: 140

Question 1

Collectively, procedures performed to obtain an understanding of the entity and its environment, including internal controls, represent the auditor's
◦ audit strategy.
◦ tests of controls.
◦ risk assessment procedures.
◦ tests of transactions.

Question 2

In the context of an audit of financial statements, substantive tests are audit procedures that
◦ may be eliminated under certain conditions.
◦ are designed to discover significant subsequent events.
◦ are designed to test for dollar misstatements.
◦ will increase proportionately with the auditor's reliance on internal control.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by shivanipalawai@gmail.com on Aug 21, 2022

Afvelasquez

  • Full Member
  • ***
  • Posts: 193
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.
Answer Preview
Only 56% of students answer this correctly




shivanipalawai@gmail.com

  • Member
  • Posts: 140
Reply 2 on: Aug 21, 2022
:D TYSM


bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

For a complete list of videos, visit our video library