A considerable portion of the tests of controls and substantive tests of transactions are performed simultaneously as a matter of audit convenience. But the substantive tests of transactions procedures and sample size, in part, depend on the results of the tests controls. How can the auditors resolve this apparent inconsistency?
A considerable portion of the tests of controls and substantive tests of transactions are performed simultaneously as a matter of audit convenience. But the substantive tests of transactions procedures and sample size, in part, depend on the results of the tests controls. How can the auditors resolve this apparent inconsistency?
Chapter1: Financial Statements And Business Decisions
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A considerable portion of the tests of controls and substantive tests of transactions are performed simultaneously as a matter of audit convenience. But the substantive tests of transactions procedures and sample size , in part, depend on the results of the tests controls. How can the auditors resolve this apparent inconsistency?
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