Tests performed by auditors that examine evidence for both control attributes and monetary misstatements are known as:
A)Standard-purpose tests.
B)Multi-function tests.
C)Dual-purpose tests.
D)Substantive tests.

Question

Quizplus · Accepted Answer

Dual-purpose tests are tests that serve both control attributes and monetary misstatements. These tests are efficient and effective as they allow auditors to evaluate both aspects simultaneously.

Tests Performed by Auditors That Examine Evidence for Both Control