The following questions concern types of audit tests.Choose the best response.a. The auditor looks for an indication on duplicate sales invoices to see whether theaccuracy of invoices has been verified. This is an example of(1) a test of details of balances. (3) a substantive test of transactions.(2) a test of control. (4) both a test of control and a substantivetest of transactions.
The following questions concern types of audit tests.Choose the best response.a. The auditor looks for an indication on duplicate sales invoices to see whether theaccuracy of invoices has been verified. This is an example of(1) a test of details of balances. (3) a substantive test of transactions.(2) a test of control. (4) both a test of control and a substantivetest of transactions.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following questions concern types of audit tests.
Choose the best response.
a. The auditor looks for an indication on duplicate sales invoices to see whether the
accuracy of invoices has been verified. This is an example of
(1) a test of details of balances. (3) a substantive test of transactions.
(2) a test of control. (4) both a test of control and a substantive
test of transactions.
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