Write down factors pertaining to substantive tests can be

Assignment Help Microeconomics

Reference no: EM13393695

Final acceptable levels of detection risk have been determined for several assertions. The auditor is prepared to proceed with designing specific substantive tests.

Required

a. What is the purpose of substantive tests?

b. What factors pertaining to substantive tests can be varied to accommodate different acceptable levels of detection risks? Explain how each factor is varied to accommodate a low versus a high acceptable level of detection risk.

c. Indicate the six types of substantive tests and the relative effectiveness and cost of each.

Reference no: EM13393695

Questions Cloud

Explain the factors cook must consider before applying : cook cpa has been engaged to audit the financial statements of general department stores inc. a continuing audit client

Evaluate the effectiveness claims of the manager using the : the service unit or output for this department is the number of procedures performed. a static budget was prepared at

There are a number of well-known strategic planning models : there are a number of well-known strategic planning models. to bring your team up to speed on the evolution of

Therere several ways the company can allocate overhead : there are several ways a company can allocate overhead costs to products produced or services provided. two of these

Write down factors pertaining to substantive tests can be : final acceptable levels of detection risk have been determined for several assertions. the auditor is prepared to

Media conglomerates are getting bigger and bigger with more : media conglomerates are getting bigger and bigger with more and more media companies concentrating into fewer hands. do

Describe at least four sustainability strategies review the : describe at least four sustainability strategies. review the virtual organization riordan manufacturing which can be

Write the internal controls which must be in effect solely : you have been engaged by central savings and loanassociation to audit its financial statements for the year ended

Have media had an impact in your life in what way or ways : have media had an impact in your life? in what way or ways? in answering this question consider all of the media you

User Account

All Pages