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

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Definitions:

Fixed-Interval

A schedule of reinforcement where a response is rewarded after a set amount of time has passed, used in behavioral studies.

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, in experimental and learning contexts.

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses, commonly used in behavior modification and training.

Fixed-Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses.