Supporting Schedules

question 135

Multiple Choice

Supporting schedules

• A) must be prepared by the auditor.
• B) make up the largest portion of audit documentation.
• C) must consist of either reconciliation of amounts or substantive analytical procedures.
• D) all of the above.

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Definitions:

Analytical Comparison

The process of examining and evaluating similarities and differences between entities or datasets using analytical methods.

Familywise Error

Familywise error rate is the probability of making one or more false discoveries, or type I errors, when performing multiple hypotheses tests.

Type I Error

The incorrect rejection of a true null hypothesis, also known as a false positive.

Probability

A measure of the likelihood of a specific event occurring, expressed as a number between 0 and 1.