Identify the type of evidence used for each procedure.

Question

Gross profit percentage?

Answer 1

Question

Chapter 19, Problem 21DQP

a.

To determine

Identify the type of evidence used for each procedure.

b.

To determine

Identify whether it is a substantive analytical procedure, a test of control, a substantive test of transactions, or a test of details of balances for each procedure.

c & d

To determine

Identify whether the transaction-related audit objectives is being met for each test of control or substantive test of transaction is being met for each of the test of control or substantive test of transaction and identify the balance-related audit objectives being met for each test of details of balances.

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Gross profit percentage?

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Answer 2

Question

Chapter 19, Problem 21DQP

a.

To determine

Identify the type of evidence used for each procedure.

b.

To determine

Identify whether it is a substantive analytical procedure, a test of control, a substantive test of transactions, or a test of details of balances for each procedure.

c & d

To determine

Identify whether the transaction-related audit objectives is being met for each test of control or substantive test of transaction is being met for each of the test of control or substantive test of transaction and identify the balance-related audit objectives being met for each test of details of balances.

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Answer 3

Question

Chapter 19, Problem 21DQP

a.

To determine

Identify the type of evidence used for each procedure.

b.

To determine

Identify whether it is a substantive analytical procedure, a test of control, a substantive test of transactions, or a test of details of balances for each procedure.

c & d

To determine

Identify whether the transaction-related audit objectives is being met for each test of control or substantive test of transaction is being met for each of the test of control or substantive test of transaction and identify the balance-related audit objectives being met for each test of details of balances.

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Answer 4

Question

Chapter 19, Problem 21DQP

a.

To determine

Identify the type of evidence used for each procedure.

b.

To determine

Identify whether it is a substantive analytical procedure, a test of control, a substantive test of transactions, or a test of details of balances for each procedure.

c & d

To determine

Identify whether the transaction-related audit objectives is being met for each test of control or substantive test of transaction is being met for each of the test of control or substantive test of transaction and identify the balance-related audit objectives being met for each test of details of balances.

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Answer 5

Chapter 19, Problem 21DQP

a.

To determine

Identify the type of evidence used for each procedure.

b.

To determine

Identify whether it is a substantive analytical procedure, a test of control, a substantive test of transactions, or a test of details of balances for each procedure.

c & d

To determine

Identify whether the transaction-related audit objectives is being met for each test of control or substantive test of transaction is being met for each of the test of control or substantive test of transaction and identify the balance-related audit objectives being met for each test of details of balances.

Answer 6

Chapter 19, Problem 21DQP

a.

To determine

Identify the type of evidence used for each procedure.

Answer 7

Chapter 19, Problem 21DQP

a.

To determine

Identify the type of evidence used for each procedure.

Answer 8

b.

To determine

Identify whether it is a substantive analytical procedure, a test of control, a substantive test of transactions, or a test of details of balances for each procedure.

Answer 9

b.

To determine

Identify whether it is a substantive analytical procedure, a test of control, a substantive test of transactions, or a test of details of balances for each procedure.

Answer 10

c & d

To determine

Identify whether the transaction-related audit objectives is being met for each test of control or substantive test of transaction is being met for each of the test of control or substantive test of transaction and identify the balance-related audit objectives being met for each test of details of balances.

Answer 11

c & d

To determine

Identify whether the transaction-related audit objectives is being met for each test of control or substantive test of transaction is being met for each of the test of control or substantive test of transaction and identify the balance-related audit objectives being met for each test of details of balances.

Answer 12

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Answer 13

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Ch. 19 - Identify three asset accounts, three expense...Ch. 19 - Explain the relationship between substantive tests...Ch. 19 - Prob. 3RQ Ch. 19 - Prob. 4RQ Ch. 19 - Prob. 5RQ Ch. 19 - Prob. 6RQ Ch. 19 - Prob. 7RQ Ch. 19 - Prob. 8RQ Ch. 19 - Prob. 9RQ Ch. 19 - Which documents will be used to verify accrued...

Identify the type of evidence used for each procedure.

Solution Summary: The author enumerates the types of evidence used for each procedure, including substantive analytical procedures, test of control, substantive tests of transactions, and balance-related audit objectives.

Concept explainers

Identify the type of evidence used for each procedure.

Identify whether it is a substantive analytical procedure, a test of control, a substantive test of transactions, or a test of details of balances for each procedure.

Chapter 19 Solutions