Which of the following tests commonly occur together?
A)Substantive tests of transactions and tests of controls
B)Substantive tests of transactions and obtaining an understanding of internal controls
C)Analytical procedures and tests of controls
D)Tests of controls and tests of details of balances

Question

Quizplus · Accepted Answer

Substantive tests of transactions and tests of controls often occur together because auditors perform tests of controls to assess the effectiveness of a client's internal controls, which helps determine the nature, timing, and extent of substantive tests needed for transactions.

Which of the Following Tests Commonly Occur Together