At What Point in the Audit Process Are Tests of Details

question 108

Multiple Choice

At what point in the audit process are tests of details most appropriately designed?

• A) plan and design audit approach
• B) perform audit tests of controls and substantive tests of transactions
• C) perform substantive analytical procedures and tests of details of balances
• D) complete the audit and issue the audit report

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Definitions:

Strategy

A plan of action designed to achieve a long-term or overall goal.

Public Entertainment

Activities or performances, such as concerts, movies, or games, that are designed to entertain a public audience.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.

Wealth

An accumulation of valuable resources or material possessions that an individual, community, company, or country owns or controls.