Tests of controls in the finance and investment cycle
A) Normally focus on tests of transactions.
B) Primarily involve observing physical security of assets.
C) Typically amount to inquiries and observations related to management involvement.
D) Can significantly reduce the extent of substantive tests.

Question

Quizplus · Accepted Answer

The Answer of Tests of controls in the finance and investment cycle
A) Normally focus on tests of transactions.
B) Primarily involve observing physical security of assets.
C) Typically amount to inquiries and observations related to management involvement.
D) Can significantly reduce the extent of substantive tests.

Tests of Controls in the Finance and Investment Cycle