Tests to determine whether the accounting transactions have been properly authorised, correctly recorded and summarised in the journals and correctly posted to subsidiary ledgers and the general ledger are:
A) tests of controls.
B) substantive tests of transactions.
C) analytical procedures.
D) substantive tests of balances.
Correct Answer:
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Q1: Tests of controls address each of the
Q2: Which of the following is(are) a type(s)
Q5: ASA 520 states that analytical procedures can
Q6: At interim dates, an auditor evaluates a
Q8: Substantive tests of transactions affect the auditor's
Q9: The highest cost audit will be incurred
Q10: In the context of an audit of
Q11: A listing of all the things which
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