If No Material Differences Are Found Using Analytical Procedures, and the Auditor

question 65

Multiple Choice

If no material differences are found using analytical procedures, and the auditor concludes that misstatements are not likely to have occurred,

• A) other substantive tests may be reduced.
• B) it will be necessary to increase the tests of balances.
• C) it will not be necessary to perform tests of balances.
• D) it will be necessary to increase the tests of transactions.

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Definitions:

Gender Expressions

The external manifestation of an individual's gender identity, usually through their clothing, hairstyle, voice, body shape, etc., which may or may not conform to socially defined behaviors and characteristics typically associated with being either masculine or feminine.

Culture

The enduring behaviors, ideas, attitudes, values, and traditions shared by a group of people and transmitted from one generation to the next.

Communicate

The process of transmitting information, ideas, emotions, skills, or knowledge from one individual or group to another through various means, verbal or non-verbal.

Estrogens

a group of steroid hormones that play a key role in the development and functioning of female reproductive tissues and secondary sexual characteristics.