Substantive Tests Must Be Designed to Tests Specific Audit Objectives

question 62

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.
-Select vendor accounts with high activity during the year, and low balance at
year-end for confirmation.

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

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Definitions:

Previous Shift Assessments

Evaluations of a patient's condition conducted by healthcare professionals prior to the current shift, used to ensure continuity of care.

Critical Thinking Model

A systematic approach to problem-solving that involves analyzing and evaluating evidence, arguments, and beliefs to make reasoned judgments.

Nursing Process

A systematic, patient-centered approach used by nurses to ensure the delivery of efficient and effective healthcare, involving assessment, diagnosis, planning, implementation, and evaluation.

Scientific Knowledge Base

A structured system of understanding and organizing the objective facts, principles, and theories found through scientific methods.