Before Applying Substantive Procedures to the Details of Accounts at an Interim

question 2

Multiple Choice

Before applying substantive procedures to the details of accounts at an interim date (a date prior to the balance sheet date) , an auditor should:

• A)assess control risk at high for the assertions embodied in the accounts selected for interim testing.
• B)determine that the accounts selected for interim testing are not material to the financial statements taken as a whole.
• C)consider the availability of information at a later date that will be necessary for the auditor's procedures (e.g., electronic data).
• D)obtain written representations from management that all financial records and related data will be made available.

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Definitions:

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