Which of the following are examples of substantive procedures in auditing revenue that are always performed?
A) testing the cut-off of revenues
B) comparing the monthly income statements to budget and investigating any unexpected fluctuations
C) both a and b
D) none of the above
Correct Answer:
Verified
Q15: Testing the pricing and mathematical accuracy of
Q17: Testing the balance sheet substantively will provide
Q19: Control risk is the risk that an
Q20: The risk that an auditor expresses an
Q21: When the inherent risk and control risk
Q23: The accuracy of cost of sales and
Q24: Substantive tests of costs and expenses that
Q25: The key audit assertions when auditing cost
Q26: The two important types of transactions that
Q27: Comparing supplier/creditor invoices to the initial record
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