Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

I need more explanation on each options (why options are correct or wrong) Which of the following statements relating to audit procedures for the conduct

I need more explanation on each options (why options are correct or wrong)

Which of the following statements relating to audit procedures for the conduct of substantive procedures ismost correct?

A.Recalculation is an effective substantive procedure to address the assertion of accuracy, valuation and allocation.

B.Analytical procedures are not an appropriate substantive procedure.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Karen BraunWendy Tietz

3rd Edition

0132890542, 978-0132890540

Students also viewed these Accounting questions

Question

★★★★★

Sarah Jeffers lives in Austin, Texas, where she has owned a graphics design company for three years. She spends 12 hours a day at work micromanaging every aspect of her business, yet she still cant...

Answered: 1 week ago

Question

★★★★★

Let be convergent and let a and b be real numbers where a b Show that f(x) dx o

Answered: 1 week ago

Question

★★★★★

How many dummy variables are needed to account for a categorical variable with (a) four different categories? (b) five different categories? (c) three different categories?

Answered: 1 week ago

Question

★★★★★

Diekmann Company, a U.S.-based company, acquired a 100 percent interest in Rakona A.S. in the Czech Republic on January 1, 2016, when the exchange rate for the Czech koruna (Ks) was $0.05. Rakona's...

Answered: 1 week ago

Question

★★★★★

$6.875, dividends paid =$2,430, interest expense =$5,420, tax rate =23 pericent Calculate the net income Note: Do not round intermediate calculations and round your answer to the nearest whale...

Answered: 1 week ago

Question

★★★★★

Solve each of the following overdetermined systems:

Answered: 1 week ago

Question

★★★★★

Your client is renovating an older Victorian style home into a 2-family dwelling with one unit on the ground floor and another on the 2nd floor. There are no windows on either side of the building as...

Answered: 1 week ago

Question

★★★★★

The following three lines do not have a common intersection: x+y=4, x-y=4 and x + 2y = 2. However, we can find an "approximate solution" to this system of equations by finding a point (x, y) that is...

Answered: 1 week ago

Question

★★★★★

Prepare the journal entry to record Zende Company's issuance of 75,000 shares of $5 par value common stock assuming the shares sell for: a. $5 cash per share. b. $6 cash per share. es View...

Answered: 1 week ago

Question

★★★★★

Hashing is a one-way function that maps a message to a fixed-size sequence of bits (hashed value) with the assumption it is extremely difficult to reverse the process. Given the hashed-value, it is...

Answered: 1 week ago

Question

★★★★★

Give me an example and evidence to prove that Boeing's investor relations website is doing a good job in preventing selective disclosure. The example (evidence ) should be kind of doing a comparison...

Answered: 1 week ago

Question

★★★★★

1. Diplomatic relations between the United States and the Soviet Union would be severed in 1993 than that

Answered: 1 week ago

Question

★★★★★

2. Information that comes most readily to mind (availability).

Answered: 1 week ago

Question

★★★★★

3. An initial value (anchoring).

Answered: 1 week ago

Previous Question Next Question