Substantive Tests Must Be Designed to Tests Specific Audit Objectives

question 52

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.
-Observe procedures, including segregation of duties, for approving sales orders.

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

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Definitions:

Autonomic Arousal

A physiological response that involves the autonomic nervous system, affecting heart rate, respiration, and other involuntary functions, typically in reaction to stress or excitement.

Display Rules

Socially learned guidelines that dictate how emotions should be expressed based on cultural norms, contexts, and relationships.

Cultural Norms

Shared expectations and rules that guide behavior of people within social groups, societies, or cultures.

Emotions

Complex psychological states that involve a subjective experience, physiological response, and behavioral or expressive response associated with a particular situation.