It is likely in the acquisition and payment cycle that audit evidence from substantive analytical procedures alone will be sufficient enough for the auditor.

Question

Quizplus · Accepted Answer

Substantive analytical procedures are an important part of the audit process, but they alone may not provide sufficient evidence to support the auditor's conclusions. Additional audit procedures, such as tests of details and inquiry, may also be necessary to obtain persuasive audit evidence.

It Is Likely in the Acquisition and Payment Cycle That