Which of the following is generally not included in the "evidence mix"?
A) tests of controls
B) substantive tests of transactions
C) risk assessment procedures
D) tests of details of balances

Question

Quizplus · Accepted Answer

Risk assessment procedures are used to assess the risk of material misstatement in the financial statements and determine the appropriate response to those risks. While important in planning the audit, they are not typically considered part of the evidence mix. The other options (tests of controls, substantive tests of transactions, and tests of details of balances) are all types of procedures used to gather evidence during an audit.

Which of the Following Is Generally Not Included in the "Evidence