Which of the Following Is (Are) Considered a Further Audit

question 13

Multiple Choice

Which of the following is (are) considered a further audit procedure(s) that may be designed after assessing the risks of material misstatement? $\begin{array}{|c|c|c|} \hline& \text { Substantive Tests of Details } & \text { Substantive Analytical Procedures } \\\hline \text { A. } & \text { Yes } & \text { Yes } \\\hline \text { B. } & \text { Yes } & \text { No } \\\hline \text { C. } & \text { No } & \text { Yes } \\\hline \text { D. } & \text { No } & \text { No } \\\hline\end{array}$

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Sales Meetings

Gatherings or conferences held with the goal of discussing sales performance, strategies, and objectives.

Disruptive Innovation

An innovation that significantly alters the way that businesses operate, creating new markets and displacing established market leading firms and products.

Cable-Operated Excavators

Heavy machinery used for digging and moving large quantities of materials, which are controlled by cables for precision tasks.

Digital Cameras

Electronic devices capable of capturing and storing photographs digitally, without the need for film, by converting light into electrical signals.