Which of the following account balances are typically audited fully substantially with limited or no controls testing?
A) Investments
B) Intercompany balances
C) Prepayments
D) All of the above

Question

Quizplus · Accepted Answer

All of the above account balances are often audited substantially due to their complexity, risk of misstatement, or lack of effective controls.

Which of the Following Account Balances Are Typically Audited Fully