Substantive Tests of Transactions Affect the Auditor's Assessments Of

question 18

Multiple Choice

Substantive tests of transactions affect the auditor's assessments of:

• A) both control risk and planned detection risk.
• B) both acceptable audit risk and control risk.
• C) both inherent risk and control risk.
• D) both inherent risk and planned detection risk.

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Definitions:

Representation

The act of depicting or the state of being depicted, often used in the context of graphics, data visualization, or symbolic systems.

Ethane

A colorless, odorless gas that is the second simplest alkane, consisting of two carbon atoms and six hydrogen atoms (C2H6), used as a fuel and a petrochemical feedstock.

Lewis Structure

A visual chart that demonstrates the atomic linkages in a molecule, including the potential existence of lone electron pairs.

Phosphine

A toxic and flammable gas with the formula PH3, used in the semiconductor industry and as a fumigant.