When an Auditor Performs Tests of Details of Balances, the Concern

question 127

Multiple Choice

When an auditor performs tests of details of balances, the concern is determining:

• A) both the effectiveness of controls and the monetary correctness of the transactions.
• B) whether the deviation rate in the population is sufficiently low to justify reducing substantive testing.
• C) whether the account balance being audited is fairly stated.
• D) all of the above

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Definitions:

Access

A database management system from Microsoft that combines the relational Microsoft Jet Database Engine with a graphical user interface and software-development tools.

Transmission

The process of sending or conveying information from one place or person to another, especially in the context of data or signals.

Computer Network

A group of interconnected computing devices that can share resources and data among themselves.

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