Substantive Tests Must Be Designed to Tests Specific Audit Objectives

question 36

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 beginning balance for accounts payable to prior year's working papers.

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

---

Definitions:

Little to No Interference

A situation or condition where there is minimal or no disruption in communication, operations, or functionality, often referring to the quality of wireless signals or electronic transmissions.

Internet Site

A location on the World Wide Web, accessible through its unique URL, hosting a collection of related web pages.

Host

The portion of a domain name that identifies who maintains a given website. For example, berkeley.edu is the domain name for the University of California at Berkeley, which maintains that site.

Repository

A central location where data, often related to software development, is stored and managed.