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

Author Question: An exception in a test of control provides only an indication of the likelihood of monetary ... (Read 45 times)

xjustxicex

  • Full Member
  • ***
  • Posts: 144
on: Aug 21, 2022

Question 1

Which of the following audit tests is usually the least costly to perform?
◦ substantive analytical procedures
◦ tests of controls
◦ tests of balances
◦ substantive tests of transactions

Question 2

An exception in a test of control provides only an indication of the likelihood of monetary misstatements in the financial statements because tests of controls do not reveal whether monetary misstatements have actually occurred.
◦ true
◦ false
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 xjustxicex on Aug 21, 2022

lactosetheintolerant

  • Full Member
  • ***
  • Posts: 149
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


xjustxicex

  • Member
  • Posts: 144
Reply 2 on: Aug 21, 2022
Gracias!

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Centers for disease control and prevention guidelines Centers for disease control and prevention guidelines
Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
Control of urination. Control of urination.
A gasoline direct-injection (GDI) fuel rail and pump assembly with the electric pressure control ... A gasoline direct-injection (GDI) fuel rail and pump assembly with the electric pressure control ...
Cards Used in a Formal Test of Problem Solving Cards Used in a Formal Test of Problem Solving
The Need for Drug Control The Need for Drug Control
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library