Substantive Tests Must Be Designed to Tests Specific Audit Objectives

question 18

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.
-Inquire of accounting and purchasing personnel about unrecorded payables.

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

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Definitions:

Communication Barriers

Forces or events that can disrupt communication, including noise and distractions, competing messages, filters, and channel breakdowns.

Social Communication Model

A framework for understanding how information is exchanged and processed in social interactions and media.

Non-Voice Use

Utilization of technology or services that do not require spoken communication, such as texting or email.

Smartphones

Advanced mobile phones that combine the functionalities of a computer, including internet access and the ability to run software applications.