This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Auditors perform test of controls and substantive tests of transactions for several reasons. Which ... (Read 69 times)

llesku

  • Full Member
  • ***
  • Posts: 175
on: Aug 21, 2022

Question 1

The most important difference among tests of controls, substantive tests of transactions, and tests of details of balances lies in what the auditor wants to measure. Explain what each type of test attempts to measure.

Question 2

Auditors perform test of controls and substantive tests of transactions for several reasons. Which of the following is not one of those reasons?
◦ for larger public company audits, to conclude the control is operating effectively
◦ to reduce assessed control risk and thereby reduce tests of details of balances
◦ to determine whether the exception rate in the population is sufficiently low
◦ to use rate of occurrence tests in the tests of details of balances
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by llesku on Aug 21, 2022

risolinick@gmail.com

  • Full Member
  • ***
  • Posts: 150
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.
Answer Preview
Only 25% of students answer this correctly


llesku

  • Member
  • Posts: 175
Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Babinski Reflex Test Babinski Reflex Test
Using a gauge that measures vacuum in units of inches of water to test the vacuum at the dipstick ... Using a gauge that measures vacuum in units of inches of water to test the vacuum at the dipstick ...
To test for a leak, this tester was set to the 0.020 inch hole and turned on. The ball rose in the ... To test for a leak, this tester was set to the 0.020 inch hole and turned on. The ball rose in the ...
A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ... A latex agglutination test for rheumatoid factor. A positive control at 1. A negative control at 2. ...
How to perform the substitution rule with integrals (Part 2) How to perform the substitution rule with integrals (Part 2)
Blood pressure test Blood pressure test
Video: Pericarditis

For a complete list of videos, visit our video library