Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments
Section: Chapter Questions
Problem 25RQSC
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![Current Attempt in Progress
X Your answer is incorrect.
Which of the following are substantive tests?
O A. Testing the bank reconciliation for mathematical accuracy
O B. Confirming the accounts receivable balances
O C. Inspection of documents for evidence of authorization
O D. Inspection of documents for evidence that details included have been checked by appropriate client personnel
O E. Observation of client personnel performing various tasks, such as preparing bank deposits and conducting an inventory
count
V F. Inquiry of client personnel about how they perform their tasks
O G. Agreeing fixed asset additions to invoices
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Transcribed Image Text:Current Attempt in Progress
X Your answer is incorrect.
Which of the following are substantive tests?
O A. Testing the bank reconciliation for mathematical accuracy
O B. Confirming the accounts receivable balances
O C. Inspection of documents for evidence of authorization
O D. Inspection of documents for evidence that details included have been checked by appropriate client personnel
O E. Observation of client personnel performing various tasks, such as preparing bank deposits and conducting an inventory
count
V F. Inquiry of client personnel about how they perform their tasks
O G. Agreeing fixed asset additions to invoices
eTextbook and Media
Save for Later
Attempts: 1 of 3 used
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