Which One of the Following Statements Is NOT Correct

question 91

Multiple Choice

Which one of the following statements is NOT correct?

• A) Tests of transactions are often performed several months prior to the balance sheet date.
• B) It is common to use analytical procedures at any time during the audit.
• C) Tests of details of balances are normally the last tests performed.
• D) When controls are not considered effective, or when control deviations are discovered, substantive tests will be eliminated.

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Definitions:

Metacognition

The awareness and understanding of one's own thought processes, or thinking about thinking.

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Long-Term Memory

The phase of memory responsible for storing information over extended periods, from days to decades.

Wechsler Adult Intelligence Scale

A standardized test designed to measure the intelligence of adults and older adolescents, encompassing various types of cognitive abilities.