Which of the Following Further Audit Procedures Are Used to Determine

question 53

Multiple Choice

Which of the following further audit procedures are used to determine whether all six transaction-related audit objectives have been achieved for each class of transactions?

• A)Tests of controls
• B)Risk assessment procedures
• C)Substantive tests of transactions
• D)Preliminary analytical procedures

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Definitions:

Pretend

Act as if something is true while knowing it is not, often as a part of play or to deceive.

Appraisal

The process of evaluating the performance, value, or condition of something, typically for the purpose of making decisions based on that assessment.

Discreetly

In a careful, prudent manner, ensuring confidentiality or avoiding unwanted attention.

Protean Career

A career path characterized by self-directed, values-driven choices and flexibility, with an emphasis on adaptability and continuous learning.