S1: Auditing became only feasible during the invention of the computers. S2: Substantive audit procedures are audit procedures performed to obtain understanding of the entity and its environment. Group of answer choices Both S1 and S2 are incorrect. Both S1 and S2 are correct. Only S2 is correct. Only S1 is correct.

S1: Auditing became only feasible during the invention of the computers. S2: Substantive audit procedures are audit procedures performed to obtain understanding of the entity and its environment. Group of answer choices Both S1 and S2 are incorrect. Both S1 and S2 are correct. Only S2 is correct. Only S1 is correct.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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