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 34 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

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Relative Ventricular Size in Chronic Schizophrenics and Controls Relative Ventricular Size in Chronic Schizophrenics and Controls
Procedures and Diagnostic Tests Related to the Male Reproductive System Procedures and Diagnostic Tests Related to the Male Reproductive System
Procedures and Diagnostic Tests Related to the Urinary System Procedures and Diagnostic Tests Related to the Urinary System
If the gauge reading is now much higher than the first test results, then the cause of the low ... If the gauge reading is now much higher than the first test results, then the cause of the low ...
Using a digital multimeter to test an oxygen sensor using the MIN/MAX record function of the meter. Using a digital multimeter to test an oxygen sensor using the MIN/MAX record function of the meter.
If the following ions Ca2+, Cl-, Na+ and CO32- are placed in a test tube, the precipitate ... If the following ions Ca2+, Cl-, Na+ and CO32- are placed in a test tube, the precipitate ...
Video: Effect of blood chemistry - stimuli, hyperventilation response and hypoventilation response

For a complete list of videos, visit our video library