Substantive Tests of Costs and Expenses That Are Always Performed

question 38

Multiple Choice

Substantive tests of costs and expenses that are always performed include:

• A)obtaining detailed analysis of selected costs and expense accounts and trace the details to the source data.
• B)reviewing interim financial reports and investigating fluctuations or the absence of expected changes.
• C)comparing the current year's expenses to the prior years actual and the current years budgeted amounts.
• D)All of the above

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Definitions:

Pregnancy

The condition of carrying one or more embryos or fetuses in the womb, typically lasting about 40 weeks in humans from the last menstrual period to childbirth.

Pre-eclampsia

During pregnancy, a health issue identified by increased blood pressure and indications of injury to another organ system, primarily the liver or kidneys.

Trimester

A Trimester is a term divided into three parts, commonly used to describe the three periods of approximately three months each in a pregnancy, marking different developmental stages of the fetus.

High Blood Pressure

A condition where the force of blood against artery walls is too high, often leading to health problems such as heart disease.