While Substantive Procedures May Support the Accuracy of Underlying Records,these

question 57

Multiple Choice

While substantive procedures may support the accuracy of underlying records,these tests frequently provide no affirmative evidence of segregation of duties because

• A) Substantive procedures rarely guarantee the accuracy of the records if only a sample of the transactions has been tested.
• B) The records may be accurate even though they are maintained by persons having incompatible functions.
• C) Substantive procedures relate to the entire period under audit, but compliance tests ordinarily are confined to the period during which the auditor is on the entity's premises.
• D) Many computerized procedures leave no audit trail of who performed them, so substantive procedures may necessarily be limited to inquiries and observation of office personnel.

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Definitions:

Affiliation

The connection or association with a group or organization, often for mutual benefit or shared identities.

Human Contact

The physical or interpersonal interaction between individuals, emphasizing the importance of social connections and touch in human development and well-being.

Interpersonal Attraction

The force that draws individuals together and is responsible for the desire of an intimate relationship or friendship.

Sociological Research

The systematic study of society and social behavior, often involving empirical investigation and analysis to understand social structures, relationships, and functions.