Which of the Following Are Examples of Substantive Procedures in Auditing

question 6

Multiple Choice

Which of the following are examples of substantive procedures in auditing revenue that are always performed?

• A) Testing the cut-off of revenues
• B) Comparing the monthly income statements to budget and investigating any unexpected fluctuations
• C) Both a and b
• D) None of the above

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Definitions:

Conservation

The practice of protecting and preserving natural resources and the environment through careful management and sustainable practices.

Knowledge Base

The collected information, facts, insights, and understandings an individual or organization possesses.

Automatization

The process by which tasks and processes become automatic and require less cognitive effort through repetition and practice.

Concrete Operational Thought

A stage in Piaget's theory of cognitive development, where children aged 7 to 11 years become capable of logical thought processes but are not yet able to think abstractly.