The following questions relate to types of audit tests. Select the best response. a The auditor is examining copies of sales invoices only for the initials of the person responsible for checking the extensions. This is an example of 

a. 1. Test of controls.

2. Substantive test.

3. Dual purpose test.

4. Test of balances.

b. Which of the following would be least likely to be included in an auditor's test of controls?

1. Inspection.

2. Observation.

3. Inquiry.

4. Confirmation.

c. In the context of an audit of financial statements, substantive tests are audit procedures that 

1. May be eliminated under certain conditions.

2. Are designed to discover significant subsequent events.

3. May be either tests of transactions, direct tests of financial balances, or analytical tests.

4. Will decrease proportionately with the auditor's assessed level of control risk.

d. Which of the following best describes the primary purpose of audit procedures?

1. To detect errors or irregularities.

2. To comply with generally accepted accounting principles.

3. To gather corroborative evidence.

4. To verify the accuracy of account balances.