Question
If the auditor verifies a debtor's account balance, which is comprised of a number of transactions, at the end of the financial period by sending
If the auditor verifies a debtor's account balance, which is comprised of a number of transactions, at the end of the financial period by sending a debtor's confirmation request, this is an example of a:
Select one:
a.Substantive test of balances.
b.Substantive test of transactions.
c.Substantive analytical procedure.
d.Test of controls.
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
Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
