Jacqueline Martineau was told by her audit senior to ensure that the evidence she provided through analytical procedures was both persuasive and corroborative. Which of the following
Evidences are persuasive?
A) When reviewing accruals for commissions refer to terms of agreements and payment dates.
B) When reviewing trade receivables or sales review the volatility of the customer base and compare with expectations.
C) When reviewing sales and commissions expense compare sales commissions or bonuses with related sales.
D) When reviewing payroll expense compare payroll tax expenses to the annual payroll times the statutory tax rates.
Correct Answer:
Verified
Q23: Which of the following examples of substantive
Q24: Jocelyne Yu is performing procedures and has
Q26: Roll-forward procedures are performed
A) to update the
Q27: Daniel Morency has performed evaluations of financial
Q33: Larry French is trying to determine the
Q35: Which of the following statements is correct?
A)
Q37: Typically, substantive testing tends to be performed
A)
Q38: Inherent risk is
A) assessed as high when
Q51: The nature of substantive procedures normally consists
Q52: Vouching involves
A) tracking a source document through
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