The most important difference among tests of controls, substantive tests of transactions, and tests of details of balances lies in what the auditor wants to measure. Explain what each type of test attempts to measure.
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Q6: In the test of details of balances,
Q7: Tests for rates of occurrence are appropriately
Q8: To address sampling risk, auditors can use
Q9: Auditors perform test of controls and substantive
Q10: Auditors generally use rate of occurrence tests
Q12: If an auditor concludes that internal controls
Q13: Both sampling and nonsampling risks are associated
Q14: If acceptable audit risk is increased, acceptable
Q15: Sampling, not nonsampling risks, are important for
Q16: In estimating the population misstatement, the first
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