Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. audit sampling why you do substantive testing why

Audit Sampling Why you do substantive testing Why you test control What is the characteristics  of sampling what is the...

90.2K

Verified Solution

Question

Accounting

Audit Sampling

  • Why you do substantive testing
  • Why you test control
  • What is the characteristics  of sampling
  • what is the objective choosing a sample
  • TER = how to control
  • Relation with ARIA, TER , EPER
  • Definition of risk of material misstatement  and howto handle in various situations
  • Job of credit manager = how it affects your audit work
  • Definition of what is an error

Answer & Explanation Solved by verified expert
4.0 Ratings (601 Votes)
1 The purpouse behind a substantive test is to make sure that the information in the financial statements are backed with supportive source documents Source documents support the auditor statement that there is no material    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Materials costs of $1,200,000 and conversion costs of $1,530,000were charged to a processing department...

Basic Math
1.2K views

Solve by power series around x=0: y\"-2xy'-2y=0 (Find the first three nonzero terms of each of...

Biology
1.2K views

You have three genes on the same chromosome - A, B and C. Each gene has...

Physics
1.2K views

A ball with a mass of 0.615 kg is initially at rest. It is struck by...

Mechanical Engineering
1.2K views

Water vapor at 5 bar, 320°C enters a turbine operating at steady state with a volumetric...

Physics
1.2K views

a block of mass 2.4 kg is sitting on a frictionless ramp with a spring at...

Basic Math
1.2K views

There is variation in the migratory behavior of certain bird species. Some populations migrate while others...

Geometry
1.2K views

What is the next term of this sequence?1, 3, 5, 8, 11, 15, 19, 24....

Statistics
1.2K views

Accu Rating has just released its webcast report for last month The report details the...

Accounting
1.2K views

cul de los siguientes es un ejemplo de tiempo de valor agregado? pregunta 1 opciones:...

Accounting
1.2K views

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables. Journalize the...

Accounting
1.2K views

#2 needs fixing. Bill Padley expects to invest $10,000 for 25 years, after...