Which type of audit procedure would normally be sufficient for purposes of auditing prepaid expenses and deferred charges?
A) tests of controls
B) tests of transactions
C) tests of details of balances
D) substantive analytical procedures

Question

Quizplus · Accepted Answer

Substantive analytical procedures are typically sufficient for auditing prepaid expenses and deferred charges because these accounts often have predictable patterns and relationships that can be effectively analyzed.

Which Type of Audit Procedure Would Normally Be Sufficient for Purposes