The population for a substantive test of details consists of
A)all events in the accounts or class of transactions
B)all material items in the accounts or class of transactions
C)all material events in the accounts or class of transactions
D)all items in the accounts at the end of the year
E)all transactions in the class of transactions for the entire year
F)both A and B
G)both C and D
H)Both D and E

Question

Quizplus · Accepted Answer

The population for a substantive test of details includes all items in the accounts at the end of the year (D) and all transactions in the class of transactions for the entire year (E). This ensures that the audit covers the entire scope of the financial period under review, capturing both the ending balances and the transactions that occurred throughout the year.

The Population for a Substantive Test of Details Consists of