For efficiency, tests of controls are frequently done at the same time as:
A) substantive tests of transactions.
B) substantive tests of balances.
C) analytical procedures.
D) compliance tests.

Question

Quizplus · Accepted Answer

Tests of controls and substantive tests of transactions often share similar conditions and criteria, allowing them to be performed efficiently at the same time. This approach can help auditors save time and reduce the likelihood of errors and omissions in the audit process. Analytical procedures and compliance tests may require different criteria and conditions, so they are typically performed separately from tests of controls.

For Efficiency, Tests of Controls Are Frequently Done at the Same