Which of the Following Types of Evidence Is Not Available

question 55

Multiple Choice

Which of the following types of evidence is not available when using substantive tests of transactions?

• A) inspection
• B) confirmation
• C) inquiries of the client
• D) reperformance

Understand the concept of separation of duties and its importance in reducing errors and fraud.

Acquire knowledge about the components, purposes, and limitations of an internal control system.

Understand the functionality and navigation of Excel's Ribbon interface, including locating specific tools and their paths.

Grasp the operation modes of Excel, such as Insert and Overtype, and how to toggle between these modes.

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Definitions:

Cash

Money in the form of currency that is used to conduct transactions.

Accumulated Depreciation

The total amount of depreciation for a fixed asset that has been charged to expense since that asset was acquired and put into use.

Fair Market Value

The estimated price at which an asset would change hands between a willing buyer and a willing seller, with both parties having reasonable knowledge of all relevant facts and neither being compelled to buy or sell.