Which One of the Following Statements Is True? in Deciding

question 111

Multiple Choice

Which one of the following statements is true? In deciding on substantive tests of transactions,

• A) some procedures are commonly employed on every audit regardless of the circumstances.
• B) all procedures are dependent on the adequacy of the controls and the results of the tests of controls.
• C) results obtained in the prior year's audit will not affect the procedures used this year.
• D) the materiality of the item will not influence the choice of procedures used.

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Definitions:

Warm-Up Stage

The initial phase of a presentation or meeting where participants are prepared for the main content through introductory remarks or activities.

Question-Answer Stage

A phase in communication or presentations where inquiries are made and addressed to clarify or expand upon the information provided.

Invasion of Privacy

An intrusion into the personal life of an individual without consent, violating their rights to privacy and confidentiality.

Drug Tests

Medical tests conducted to detect the presence of legal or illicit drugs in a person's body, commonly used in employment settings or sports.