Examples of initial procedures that an auditor may perform include _______.
A) trace beginning balances to working papers from the prior year's audit
B) scan the transactions in the account for unusual items
C) obtain a trial balance or other detailed report for the account
D) All of these answer choices are correct.
Correct Answer:
Verified
Q38: The most important factor when responding to
Q39: Examples of substantive procedures include _.
A)observation
B)inquiry
C)confirmation
D)All of
Q40: If significant fraud risk exists, the auditors
Q41: If the assessed risk of material misstatement
Q42: Testing of internal controls is typically conducted
Q44: The use of analytical procedures _.
A)is optional
Q45: Roll-forward procedures relate to _.
A)auditors updating their
Q46: Before auditors can use substantive analytical procedures,
Q47: Examples of analytical procedures include _.
A)ratio analysis
B)trend
Q48: Analytical procedures _.
A)are evaluations of financial information
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