A Dual-Purpose Test

question 31

Multiple Choice

A dual-purpose test

• A) Simultaneously tests debits and credits.
• B) Is a procedure completed by both the internal and external auditors.
• C) Is useful to both the entity and the auditor.
• D) Is both a substantive test of transactions and a test of controls.

---

Definitions:

Cross-Sectional

A type of observational study that analyzes data from a population, or a representative subset, at a specific point in time.

Fluid Intelligence

The ability to think logically and solve problems in novel situations, independent of acquired knowledge.

Crystallized Intelligence

Refers to the accumulation of knowledge, skills, and experiences that one can draw upon to solve problems.

Cribs

Beds with high sides for infants or young children, designed to ensure the child's safety while sleeping.