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Author Question: When performing the tests of details of balances for expense accounts, ________ is (are) ... (Read 139 times)

rubiosusy7

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Question 1

What are the two major balance-related audit objectives in testing payroll liabilities?
◦ accuracy and detail tie-in
◦ completeness and valuation
◦ completeness and rights and obligations
◦ accuracy and cutoff

Question 2

When performing the tests of details of balances for expense accounts, ________ is (are) generally not necessary.
◦ extensive additional testing
◦ analytical procedures
◦ tests of controls
◦ substantive tests of transactions


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Marked as best answer by rubiosusy7 on Aug 21, 2022

ad2018

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rubiosusy7

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Reply 2 on: Aug 21, 2022
Excellent


pratush dev

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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