The Test Objective for a Substantive Test Is to Determine

question 49

Multiple Choice

The test objective for a substantive test is to determine

• A)if the account balance or class of transactions is correctly stated
• B)if the account balance or class of transactions is materially misstated
• C)if the sample selected was appropriate for the audit
• D)if the sample resulted in the expected deviation rate

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Definitions:

Synergy

A product of group effort whereby the output of the group exceeds the output possible if the members worked alone.

Hotdog Eating Contests

Competitive eating events where participants race to eat as many hotdogs as possible within a given time limit.

Learning-Goal Orientation

A mindset focused on developing new skills, knowledge, and competencies, rather than merely demonstrating proficiency.

Competency

The combination of skills, knowledge, abilities, and behaviors that are necessary to perform a specific task or role effectively.