If the Auditor Is Performing Substantive Tests at an Interim

question 94

Multiple Choice

If the auditor is performing substantive tests at an interim date, _______.

• A)the auditor need not perform any more tests through the financial statement date
• B)the auditor must perform steps to update their conclusion to the date of the financial statements
• C)the internal audit function should be advised to complete any further testing deemed necessary
• D)the client should not be billed for this work in case it needs to be repeated at the financial statement date

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Definitions:

Biological Processes

Natural procedures or functions that are involved in the living organism's growth, development, and functioning.

Replication

The process of repeating a study or experiment to verify its findings or ensure accuracy.

Scientific Method

A systematic and empirical approach to research, based on observation, experimentation, and the formulation of hypotheses to test theories.

Testing Circumstances

The specific conditions or settings under which tests or evaluations are conducted, impacting outcomes and interpretations.