The term "substantive" comes from _______.
A) "substantiate," which means auditors gather evidence to verify the transactions, account balances, and disclosures provided by management in the financial statements
B) "insubstantial," which means auditors gather evidence to support the transactions, account balances, and disclosures provided by management in the financial statements
C) "insubstantial," which means auditors gather evidence to support only insubstantial transactions, account balances, and disclosures provided by management in the financial statements
D) the fact that the audit report is designed to assist stockholders with substantial stock holdings in the client
Correct Answer:
Verified
Q8: Assertions about account balances at year-end typically
Q9: Assertions about classes of transactions and events
Q10: If internal controls are strong, _.
A)the auditor
Q11: When the entity's control environment has been
Q12: When evidence is collected at an interim
Q14: An auditor mailing positive confirmations is an
Q15: Assertions about presentation and disclosure typically include
Q16: The types of substantive procedures discussed in
Q17: The more judgment that is involved in
Q18: If the assessed risk of material misstatement
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