Tests of details of income statement account are likely when?
A) inherent risk is less than high.
B) control risk is moderate to low.
C) analytical procedures indicate no unusual fluctuations.
D) the account requires analysis
E)g. directors' remuneration, income tax

Question

Quizplus · Accepted Answer

Tests of details are likely when the account requires analysis, as they provide specific evidence about individual transactions or balances.

Tests of Details of Income Statement Account Are Likely When