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Author Question: For accounts with small balances and minimal potential for material misstatements, auditors often ... (Read 89 times)

BSITTON

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Question 1

Because of the high cost of tests of details of balances, auditors do not perform this type of testing unless fraud is suspected.
◦ true
◦ false

Question 2

For accounts with small balances and minimal potential for material misstatements, auditors often limit their tests to substantive analytical procedures if they conclude the accounts are reasonably stated.
◦ true
◦ false


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Marked as best answer by BSITTON on Aug 21, 2022

dadgoere765

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BSITTON

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Reply 2 on: Aug 21, 2022
Wow, this really help


adf223

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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