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Which audit tests would not be regarded

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Reference no: EM132622751

Problem 1: Which of the following audit tests would NOT be regarded as a "test of detail balances"?

Option a) All of these choices are test of detail balances

Option b) Discussing the valuation of inventory with the client

Option c) Counting the quantities in the warehouse and comparing them to the perpetual records to verify amounts.

Option d) Reviewing sales transactions to ensure that sales over a certain amount were approved by the sales manager

Option e) Reviewing old receivables on the aging of receivables list with the credit manager to assess the collectability of receivables

Reference no: EM132622751

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