In Many Audits, No Substantive Tests of Transactions Are Made

question 120

Multiple Choice

In many audits, no substantive tests of transactions are made for the ________ assertion on the grounds that understatement of sales is not a concern.

• A) accuracy
• B) existence
• C) completeness
• D) none of the above

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Definitions:

File Drawer Effect

A bias in scientific research that results from the tendency to publish only positive or significant findings, while studies with negative or inconclusive results are left unpublished.

Published

The process of making information available to the general public, typically through books, journals, or digital platforms.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.

Integrationist Approach

A method that combines elements from various theories or practices to form a cohesive approach in therapy, education, or other fields.