Jocelyne Yu is performing procedures and has decided to vouch the balance in the fixed assets ledger of a furniture manufacturing company back to supporting documentation. She is performing a
A) test of details.
B) test of controls.
C) risk assessment.
D) none of the above

Question

Quizplus · Accepted Answer

Jocelyne Yu is performing a test of details, which involves verifying individual transactions or account balances to supporting documentation. This is the appropriate procedure to use when vouching the balance in the fixed assets ledger back to supporting documentation. Test of controls refers to testing the effectiveness of the company's internal controls, while risk assessment involves identifying and assessing potential risks to the audit.

Jocelyne Yu Is Performing Procedures and Has Decided to Vouch