Which of the following further audit procedures are used to determine whether all six transaction-related audit objectives have been achieved for each class of transactions?
A) tests of controls
B) risk assessment procedures
C) substantive tests of transactions
D) preliminary analytical procedures

Question

Quizplus · Accepted Answer

Substantive tests of transactions are used to determine whether all six transaction-related audit objectives have been achieved for each class of transactions. These tests involve examining the details of individual transactions to ensure that they are complete, accurate, and properly recorded. Tests of controls are used to assess the effectiveness of the client's internal controls, while risk assessment procedures and preliminary analytical procedures are used to assess the level of risk associated with different areas of the audit.

Which of the Following Further Audit Procedures Are Used to Determine