________ Are Used as Evidence to Provide Assurance About an Account

question 144

Multiple Choice

________ are used as evidence to provide assurance about an account balance.

• A) Substantive analytical procedures
• B) Tests of transactions
• C) Audit risks
• D) Tests of details of balances

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Definitions:

Population Mean

The average of a set of values or measurements in the entire population.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a data set differ from the mean.

Sample Observations

Data points collected from a subset of a population for analysis or research.

Probability

The measure of the likelihood that an event will occur, represented as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.