Only when testing details of balances will audit procedures include confirmation and physical examination.

Name: Only when testing details of balances will audit procedures include confirmation and physical examination.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Confirmation and physical examination are specific audit procedures used to test details of balances. They are typically performed to gather sufficient and appropriate audit evidence to support the financial statements. Therefore, the statement is true.

Only When Testing Details of Balances Will Audit Procedures Include