An auditor may test an account balance by testing the transactions that comprise the balance,by directly testing the final account balance,or a combination of both.
Correct Answer:
Verified
Q3: Internal documentation is more reliable to the
Q6: For an auditor to test the existence
Q9: Vouching recorded transactions involves taking a sample
Q12: Emails and faxes are documents that represent
Q15: Vouching is a process that helps establish
Q15: The direction of testing from recorded amounts
Q16: Ulanda and Mudana,CPAs,are performing an audit on
Q18: The amount of evidence gathered is not
Q19: Assertions are not relevant to an audit
Q51: Assertions are relevant to the audit process
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