Why is it desirable to design tests of details of balances before performing tests of controls and substantive tests of

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Why is it desirable to design tests of details of balances before performing tests of controls and substantive tests of

Post by answerhappygod »

Why is it desirable to design tests of details of balances
before performing tests of controls and substantive tests of
transactions (2 Marks)? State the assumptions that the auditor must
make in doing so. What does the auditor do if the assumptions are
wrong (2 Marks)? Provides example?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply