Which of the following types of evidence is not available when using substantive tests of transactions?
A)Inspection
B)Confirmation
C)Inquiries of the client
D)Reperformance

Question

Quizplus · Accepted Answer

Substantive tests of transactions involve testing the occurrence, completeness, accuracy, and posting of transactional data in the accounting system. Confirmation involves obtaining external documentation or verification of a balance or transaction directly from an independent third party. Confirmation is a type of substantive test of details, not a substantive test of transactions. Therefore, confirmation is not available when using substantive tests of transactions. The other options, inspection, inquiries of the client, and reperformance, are all types of evidence that can be used in substantive tests of transactions.

Which of the Following Types of Evidence Is Not Available