Which of these would not be considered to be a test of details of balances?
A) Accounts receivable confirmations.
B) Tracing an invoice to the sales journal.
C) Observing the entity's stocktake.
D) Inspecting plant assets.
Correct Answer:
Verified
Q2: The least costly form of testing is
Q3: If the lower assessed level of control
Q7: Which of these is not compatible with
Q8: Which of these would be a reason
Q9: Tests of details of transactions primarily involve:
A)confirmation
Q12: Which of these is not considered a
Q13: Tests of details of balances focus on
Q14: If the predominantly substantive approach preliminary audit
Q16: If the lower assessed level of control
Q38: The auditor is performing substantive procedures several
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