Substantive Tests Must Be Designed to Tests Specific Audit Objectives

question 46

Multiple Choice

Substantive tests must be designed to tests specific audit objectives.
REQUIRED: For the following specific audit procedures, indicate the assertion that is being tested. Use the following letters, placing your response in the space provideD.
-Trace shipping documents to sales invoices.

• A)Existence or occurrence
• B)Completeness
• C)Valuation or allocation
• D)Rights and obligations
• E)Presentation and disclosure

---

Definitions:

Expiratory Reserve Volume

The additional amount of air that can be forcefully exhaled after a normal exhalation, used to measure lung function.

Inspiratory Reserve Volume

The additional amount of air that can be inhaled after a normal inhalation, contributing to the total lung capacity.

Peak Expiratory Flow

A measure of the fastest speed at which a person can exhale air after a maximal inhalation, often used in diagnosing and monitoring asthma.

Tidal Volume

The volume of air moved into or out of the lungs during a normal breath at rest.