An auditor’s decision either to apply analytical procedures as substantive tests or to perform substantive tests of transactions and account balances usually is determined by the(1) availability of data aggregated at a high level.(2) relative effectiveness and efficiency of the tests.(3) timing of tests performed after the balance sheet date.(4) auditor’s familiarity with industry trends.
An auditor’s decision either to apply analytical procedures as substantive tests or to perform substantive tests of transactions and account balances usually is determined by the(1) availability of data aggregated at a high level.(2) relative effectiveness and efficiency of the tests.(3) timing of tests performed after the balance sheet date.(4) auditor’s familiarity with industry trends.
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
Section: Chapter Questions
Problem 36RSCQ
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An auditor’s decision either to apply analytical procedures as substantive tests or to perform substantive tests of transactions and account balances usually is determined by the
(1) availability of data aggregated at a high level.
(2) relative effectiveness and efficiency of the tests.
(3) timing of tests performed after the balance sheet date.
(4) auditor’s familiarity with industry trends.
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