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Author Question: Auditors perform test of controls and substantive tests of transactions for several reasons. Which ... (Read 33 times)

llesku

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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
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Marked as best answer by llesku on Aug 21, 2022

risolinick@gmail.com

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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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llesku

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

abro1885

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

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