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 68 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
Thanks for the timely response, appreciate it

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

The Allen Test: Pallor is initiated by compressing the radial and ulnar arteries with the fist clenc The Allen Test: Pallor is initiated by compressing the radial and ulnar arteries with the fist clenc
Laboratory tests to screen for infection Laboratory tests to screen for infection
Perform Adult Rescue Breathing and One-Rescuer or Two-Rescuer CPR Perform Adult Rescue Breathing and One-Rescuer or Two-Rescuer CPR
Procedures and Diagnostic Tests Related to the Female Reproductive System Procedures and Diagnostic Tests Related to the Female Reproductive System
Taste Test Taste Test
Polygraph Test Polygraph Test
Video: Heart sounds

For a complete list of videos, visit our video library