Which of the following is not a key substantive test of balances for the investment process?

Question

Quizplus · Accepted Answer

Tracing is not a key substantive test of balances for the investment process. It is more related to the process of verifying that transactions have been recorded correctly from the original documents to the accounting records, which is not specifically targeted towards the verification of investment balances. Confirmation, recalculation, and reperformance are more directly related to verifying the accuracy and existence of investments.

Which of the Following Is Not a Key Substantive Test