If the Auditor Is Not Using Tests of Control,then

question 74

Multiple Choice

If the auditor is not using tests of control,then

• A)tests of detail must be used.
• B)analytical procedures must be used.
• C)tests of design of internal controls must at least be used.
• D)the auditor will have to qualify the audit opinion.

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Definitions:

Free Trade

An economic policy where countries allow imports and exports with minimal governmental intervention, aiming to achieve economic growth through international trade.

Market Products

Goods, services, or securities offered for sale or trade in a particular market segment.

Hedge

An investment made to reduce the risk of adverse price movements in an asset, typically by taking an offsetting position in a related security.

Japanese Yen

The official currency of Japan, commonly used in international financial transactions.