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Author Question: An exception in a test of control provides only an indication of the likelihood of monetary ... (Read 52 times)

xjustxicex

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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
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Marked as best answer by xjustxicex on Aug 21, 2022

lactosetheintolerant

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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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xjustxicex

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

epscape

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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