The Extent of Tests of Details of Balances Can Be

question 39

True/False

The extent of tests of details of balances can be reduced when transaction-related audit objectives have been satisfied by tests of controls or substantive tests of transactions.

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Definitions:

AC Voltage Leakage

Unintended flow of alternating current (AC) outside its intended circuit path, which can pose safety hazards.

Maximum Allowable

The highest permissible limit or value for a parameter, often established for safety, performance, or regulatory reasons.

Pulse-Width Modulated

A modulation technique used to control the power delivered to an electrical device by varying the width of the pulses in a pulse train to adjust the volume, brightness, or speed of the device.

AC Voltmeter

An instrument used to measure the voltage of alternating current (AC) electrical circuits.