Which of the Following Is a Substantive Procedure in the Audit

question 3

Multiple Choice

Which of the following is a substantive procedure in the audit of estimates made by auditor?

• A)Observing whether estimates are prepared by qualified personnel.
• B)Recalculating the mathematical estimate.
• C)Scanning for evidence of review by senior management.
• D)Ensuring estimates are recorded in the right accounts.

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Definitions:

Vulnerable Populations

Vulnerable populations are groups of individuals at greater risk of experiencing adverse outcomes or harm due to factors like socioeconomic status, health disparities, or systemic inequities.

Policy Practice

The application of policy analysis, development, and evaluation methods in practical settings to influence public decisions.

Political Asylum

Protection granted by a country to foreign nationals who have fled their own country due to persecution for reasons of race, religion, nationality, or political opinion.

Economic Reasons

Factors or considerations related to financial efficacy, efficiency, or impact that influence decisions or actions.