Explain how the nature of a substantive test could affect decisions about when and how much substantive

Question:

Explain how the nature of a substantive test could affect decisions about when and how much substantive testing is performed. How do these decisions relate to the overall risk assessment for the item being tested?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing A Practical Approach

ISBN: 978-1742165943

1st Canadian Edition

Authors: Robyn Moroney

See More Books

Question Posted: Mar 11, 2016 02:35 AM

See More Questions

Explain how the nature of competition is changing in America.
How does the nature of a business affect its sources of financing?
Explain the concept of drilling-down as used in executive information systems (EISs). Is drilling-down used in other IT applications? How do these applications relate to EISs?
Complete the given table. Number of Days Outstanding Accounts Receivable Estimated % Uncollectible Total Estimated Uncollected Accounts 045 days $ 752,000 2 % $enter a dollar amount 4690 days 255,000...
What risks, if any, does offshore outsourcing of various information systems functions pose to satisfying the principles of confidentiality and privacy?
Show that the field on the x-axis for the dipole of Example 20.5 is given by Equation 20.6b, for |x|>>a. 2kp E dipole field for x > a, on axis (20.6b)
Which training technique would you recommend for a new dining room cashier? Which technique would you recommend for an inexperienced kitchen supervisor? Explain your reasons in detail.
Use data in Table B.2 to calculate the following: (a) The heat capacity (Cp) of liquid benzene at 40C. (b) The heat capacity at constant pressure of benzene vapor at 40C. (c) The heat capacity at...
For a commercial bank: OA. A loan is a liability and a savings account is an asset OB. A loan is a liability and a purchased security is an asset OC. Both loans and savings accounts are assets OD. A...
Gordon Temper is a single taxpayer (birthdate July 1, 1985, and Social Security number 242-11-6767) who operates a food truck that specializes in food from South Africa. His business is named "Mobile...
Answer the following questions based on the information presented for Cloud 9 in Appendix B of this book and in the current and earlier chapters. You should also consider your answers to the case...
Provide an example of (1) an error and (2) a judgemental misstatement that could affect the balance of property, plant, and equipment.
When should a company use an activity-based flexible budget with multiple cost drivers instead of a simple flexible budget with one cost driver? a. When a significant portion of costs vary with only...
We are writing a business plan about expanding Robinson Development Group's business into Mexico. They do residential as well as business development in Virginia and have branched out on the East...
Political ideologies can influence trade. Although Russia's constitution lists it as a Federal Democratic State, many news outlets call it a "Fake Democracy". Now that Russia has invaded Ukraine, the...
A facultative oxidation pond is to be designed for a community of 5000 people. Summer wastewater flow is 2000 m 3 /d, and the BOD 5 is 180 g/m 3 . Winter flow and BOD 5 values are 6000 m 3 /d and 90...
Watch the video "Black Diamond: Managing in a Global Environment" https://youtu.be/lc29Ro9TOKg Describe at least two environmental factors that affect this business and summarize how the managers are...
In social media, one size does not fit all. Social media includes traditional platforms such as Facebook and Instagram, but it also includes podcasts, blogs, and video mediums. Each platform and...
True Or False A description of a windshield as being shatterproof allows a plaintiff to recover if the windshield shatters after being hit by a rock.
Create a data model for one of the processes in the end-of-chapter Exercises for Chapter 4. Explain how you would balance the data model and process model.
What types of meetings do associations typically hold?
Which of the following is an example of data that needs to be cleaned before it can be analyzed? a. The data has dates in two different formats (MM/DD/YY and DD/MM/YY). b. The data has information...
Are the quality of internal controls relevant when evaluating the reliability of data to be used in ADA? Explain why or why not, and provide an example.
Emma Reed, an audit partner at Gung & Ho, CPAs, is auditing a company in the music industry that owns multiple record labels and sells music in North America and Europe. Emma is currently performing...
nformation pertaining to Noskey Corporation s sales revenue follows: November 2 0 2 1 ( Actual ) December 2 0 2 1 ( Budgeted ) January 2 0 2 2 ( Budgeted ) Cash sales $ 1 0 5 , 0 0 0 $ 1 1 5 , 0 0 0...
The management team of Netflix maintains a stable dividend using the Lintner model: Dt+1 = Dt + EPS Target Payout Where Dt (Dt+1) = dividend in the current period t (the next period t + 1) EPSt =...
#1 #2 hapter 50 10 D Werences lav Help Required information [The following information applies to the questions displayed below) Archer Company is a wholesaler of custom-built air-conditioning units...

Explain how the nature of a substantive test could affect decisions about when and how much substantive

Question:

Step by Step Answer:

The nature timing and extent of audit procedures is determined in response to the risk assessment fo...View the full answer

Auditing A Practical Approach

Students also viewed these Auditing questions