1 List Three Substantive Procedures That Are Commonly Performed Before

question 45

Essay

1. List three substantive procedures that are commonly performed before the reporting date.
2.Explain why there is an increased audit risk from conducting procedures before the reporting date and identify two ways in which this increased risk is controlled.

---

Definitions:

Genetic Influences

The contribution of genetic factors to the development and expression of an individual's traits, behaviors, and physiology.

Unique Combination

The distinctive blend or mix of elements, qualities, or characteristics that come together to form a particular entity or outcome.

Personality

The combination of characteristics or qualities that form an individual's distinctive character and behavioral patterns.