Which Statement Is Correct

question 24

Multiple Choice

Which statement is correct?

• A)Assertions affected by highly objective estimates usually require direct tests of balances.
• B)The materiality of the account totally dictates the substantive procedures to be performed.
• C)The evidence the auditor obtains from risk assessment procedures does not influence the substantive procedures to be performed.
• D)The extent and results of control tests performed by the auditor will influence the substantive procedures to be performed.

---

Definitions:

Buying Center

A group of individuals within an organization who are involved in the decision-making process for making business purchases.

Buying Center

A group of individuals within an organization who are involved in the process of making purchasing decisions.

New Buy

A purchasing situation in which a business customer is buying a product or service for the first time, requiring extensive decision-making and research.

IBM

International Business Machines Corporation, a multinational technology and consulting company known for its computer hardware, software, and IT services.