Which One of the Following Statements Is True? in Deciding

question 93

Multiple Choice

Which one of the following statements is True? In deciding on substantive tests of transactions

• A)some procedures are commonly employed on every audit regardless of the circumstances.
• B)all procedures are dependent on the adequacy of the controls and the results of the tests of controls.
• C)results obtained in the prior year's audit will not affect the procedures used this year.
• D)the materiality of the item will not influence the choice of procedures used.

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Definitions:

Great Britain

A geographical term that refers to the largest island in the British Isles, comprising England, Scotland, and Wales.

Collectivist Culture

A culture that emphasizes the needs and goals of the group as a whole over the needs and wishes of each individual.

Equality

The state of being equal, especially in status, rights, and opportunities.

Respect for Elders

A cultural and moral value emphasizing reverence and honor for older people.