Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization. To state: the difference between an audit which is reliant on controls and an extensive detailed audit.

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Answer 1

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Chapter 7, Problem 54RSCQ

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

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Answer 2

Question

Chapter 7, Problem 54RSCQ

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

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Answer 3

Question

Chapter 7, Problem 54RSCQ

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

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Answer 4

Question

Chapter 7, Problem 54RSCQ

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

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Answer 5

Chapter 7, Problem 54RSCQ

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

Answer 6

Chapter 7, Problem 54RSCQ

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

Answer 7

Chapter 7, Problem 54RSCQ

To determine

Introduction:Substantive checking refers to the audit procedures to study and evaluate the financial statements and books of accounts of the client in order to check whether there are any errors or not. These checks helps the Auditor to conclude about the overall picture of the Client’s organization.

To state:the difference between an audit which is reliant on controls and an extensive detailed audit.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 7 - Prob. 1TFQ Ch. 7 - Prob. 2TFQ Ch. 7 - Prob. 3TFQ Ch. 7 - Prob. 4TFQ Ch. 7 - Prob. 5TFQ Ch. 7 - Prob. 6TFQ Ch. 7 - Prob. 7TFQ Ch. 7 - Prob. 8TFQ Ch. 7 - Prob. 9TFQ Ch. 7 - Prob. 10TFQ

Solution Summary: The author explains the difference between an audit which is reliant on controls and an extensive detailed audit.

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Chapter 7 Solutions