Which One of the Following Statements Is NOT Correct

question 85

Multiple Choice

Which one of the following statements is NOT correct?

• A) When controls are not considered effective, or when control deviations are discovered, substantive tests will be eliminated.
• B) Tests of transactions are often performed several months prior to the balance sheet date.
• C) Tests of details of balances are normally the last tests performed.
• D) It is common to use analytical procedures at any time during the audit.

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Definitions:

Core Characteristic

The fundamental or defining feature, attribute, or quality of something or someone.

Effective Teams

Effective teams are groups of individuals who work collaboratively towards a common goal, characterized by strong communication, mutual respect, and a high level of productivity.

Individual Problem Solving

The process by which a person identifies a problem, considers possible solutions, and takes steps to resolve it on their own.

Superior

Above average in quality, rank, or importance.