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Author Question: Which of the following statements isnottrue? (Read 44 times)

Emmejo01

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on: Aug 21, 2022

Question 1

Which of the following procedures would most likely be performed in response to the auditor's assessment of the risk of monetary misstatements in the financial statements?
◦ ratio analysis
◦ tests of controls
◦ tests of details of balances
◦ risk assessment procedures

Question 2

Which of the following statements is not true?
◦ Analytical procedures emphasize the overall reasonableness of transactions and balances.
◦ Tests of controls are concerned with evaluating whether controls are sufficiently effective to justify reducing control risk and thereby reducing analytical review procedures.
◦ Substantive tests of transactions emphasize the verification of transactions recorded in the journals and then posted in the general ledger.
◦ Tests of details of balances emphasize the ending balances in the general ledger.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Emmejo01 on Aug 21, 2022

KAyteeBee1129

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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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Emmejo01

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

TheDev123

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Reply 3 on: Yesterday
Excellent

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