what are the audit procedures commonly used to obtain audit assurance?
A)Analytical Procedures
B)Systems Based Audit
C)Direct Substantive Testing
D)All of the above

Question

Quizplus · Accepted Answer

All of the options listed are commonly used audit procedures to obtain audit assurance. Analytical Procedures involve analysis of significant ratios and trends. Systems Based Audit focuses on understanding and testing the internal control systems of an entity. Direct Substantive Testing involves verification of the balances and transactions.

What Are the Audit Procedures Commonly Used to Obtain Audit