Which Audit Tests Involve Physical Examination and Confirmation

question 46

Multiple Choice

Which audit tests involve physical examination and confirmation?

• A) tests of controls
• B) tests of transactions
• C) tests of balances
• D) analytical procedures

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Definitions:

Tortfeasor

A person who commits an intentional or through-negligence tort that causes a harm or loss for which a civil remedy may be sought.

Fraudulent Misrepresentation

A false statement of fact made by one party to another, with the intention of inducing the latter into entering a contract, resulting in harm or loss.

Relied Upon

Depended on or trusted, often in the context of information or services that are considered to be dependable.

Suffered Damages

Refers to harm or loss experienced by an individual or entity, often leading to claims for compensation or restitution.