Auditors Are Most Likely to Gather Audit Evidence Solely Using

question 61

Multiple Choice

Auditors are most likely to gather audit evidence solely using substantive procedures:

• A)if transactions are recurring.
• B)if the implemented controls are assessed as ineffective.
• C)if control risk is very low.
• D)if the entity has a well-designed automated system.

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Definitions:

Nonionic Solids

Substances that consist of molecules bound together by covalent bonds rather than ionic bonds, lacking charge separation.

Dissociate

To separate or remove from association; in chemistry, it refers to the reversible separation of molecules into smaller particles.

Buffers

Chemical substances that help maintain the stability of pH levels in solutions by neutralizing the effects of acids and bases.

Covalent Bonds

Chemical connections where two atoms share electrons mutually, contributing to the formation and structure of molecules.