Auditors Use Analytical Procedures and Tests of Details of Balances

question 10

True/False

Auditors use analytical procedures and tests of details of balances to satisfy planned detection risk.

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Definitions:

Volcanic Glass

A natural glass produced by the cooling and solidification of molten lava at a rate too rapid to permit crystallization.

Liquid Water

The liquid phase of H2O, existing at temperatures between 0°C and 100°C under standard atmospheric pressure, and vital for all known forms of life.

Minerals

Naturally occurring substances, usually inorganic, with a defined chemical composition and crystalline structure.

Crystalline Rock

A rock composed of interlocking minerals that grew together; usually formed in high-temperature environments by crystallization of magma, by metamorphism, or by precipitation from hot water.