In an audit of financial statements, substantive tests are audit procedures that __________??

Audit Mcqs
BILAL KHATTAK0

A. May be eliminated for an account balance under certain conditions
B. Are designed to discover significant subsequent events
C. Will increase proportionately when the auditor decreases the assessed level of control risk 
D. May be test of transactions, test of balance and analytical procedures

Related Mcqs:

  1. What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing??
  2. Which of the following statements is most closely associated with analytical procedure applied at substantive stage??
  3. The working papers which auditor prepares for financial statements audit are___________??
  4. Which of the following statements are / is true? – Events after Balance Sheet are??
  5. What would most appropriately describe the risk of incorrect rejection in terms of substantive testing??
  6. Keeping the frequency of nuclear tests, it is estimated that on an average the five nuclear powers conducted nuclear tests at the rate of:?
  7. Concurrent audit is a part of____________?
  8. Which of the following statements is not correct about materiality??
  9. All of the following are destructive tests on materials EXCEPT:
  10. Which of the following statements is true??

Leave a Reply

Your email address will not be published. Required fields are marked *