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.

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Definitions:

Preparedness

The concept that certain associations are learned more readily than others due to evolutionary predispositions.

Food Aversion

A strong dislike or disinclination towards a specific food, often resulting from a negative past experience such as illness.

Behavior Modification

A therapeutic approach designed to change specific undesirable behaviors using reinforcement principles.

Classical Conditioning

The method of instruction where a response is learned by associating a stimulus from the environment with one that occurs naturally.