Which of the following audit tests is usually the most costly to perform?
A)analytical procedures
B)tests of controls
C)tests of details of balances
D)procedures to obtain an understanding of internal control

Question

Quizplus · Accepted Answer

Tests of details of balances usually involve extensive testing of account balances, transactions, and supporting documentation, which can be time-consuming and costly. Analytical procedures, tests of controls, and procedures to obtain an understanding of internal control may also require significant effort, but they are typically less expensive than conducting tests of details of balances.

Which of the Following Audit Tests Is Usually the Most