Tests of transactions and account balances


An auditor's decision either to apply analytical procedures as substantive procedures or to perform tests of transactions and account balances usually is determined by :

A. Availability of data aggregated at a high level.

B. Relative effectiveness and efficiency of the tests.

C. Timing of tests performed after the balance sheet date.

D. Auditor's familiarity with industry trends.

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Accounting Basics: Tests of transactions and account balances
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