Auditing And Assurance Services
Auditing And Assurance Services
17th Edition
ISBN: 9780134897431
Author: ARENS, Alvin A.
Publisher: PEARSON
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Chapter 17, Problem 1RQ
To determine

Identify the major difference between audit sampling for tests of controls and substantive tests of transactions and for tests of details of balances.

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Explanation of Solution

In the tests of controls and substantive procedures or tests for transactions, it majorly tests the usefulness of internal control system in an organization. Whereas in tests of details of balances it is concerned with determining whether there are material misstatements in monetary amounts for an account.

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