Author Question: When performing the tests of details of balances for expense accounts, ________ is (are) ... (Read 147 times)

rubiosusy7 · **on:** Aug 21, 2022

Question 1

What are the two major balance-related audit objectives in testing payroll liabilities?
◦ accuracy and detail tie-in
◦ completeness and valuation
◦ completeness and rights and obligations
◦ accuracy and cutoff

Question 2

When performing the tests of details of balances for expense accounts, ________ is (are) generally not necessary.
◦ extensive additional testing
◦ analytical procedures
◦ tests of controls
◦ substantive tests of transactions

ad2018 · **Reply #1 on:** Aug 21, 2022

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