Which of the Following Is True Regarding the Financial Assertions

question 14

Multiple Choice

Which of the following is true regarding the financial assertions?

• A) All assertions can be proved using only substantive procedures, but it would be too costly.
• B) Some assertions are virtually impossible to prove without some evaluation of control effectiveness.
• C) Some assertions can be proved using only an evaluation of control effectiveness.
• D) The evaluation of control effectiveness is only used because it is more efficient than using only substantive procedures.

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