Test of controls are a type of substantive procedure.

Name: Test of controls are a type of substantive procedure.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Test of controls are not a type of substantive procedure. They are an audit procedure used to evaluate the effectiveness of a client's internal control over financial reporting. Substantive procedures, on the other hand, are audit procedures used to obtain audit evidence about the completeness, accuracy, and validity of transactions and account balances.

Test of Controls Are a Type of Substantive Procedure