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Questions and Answers
What type of tests must the auditor perform in addition to tests of controls to achieve audit objectives?
What type of tests must the auditor perform in addition to tests of controls to achieve audit objectives?
- Control tests
- Procedural tests
- Compliance tests
- Substantive tests (correct)
What does the quality of internal controls impact in terms of substantive tests?
What does the quality of internal controls impact in terms of substantive tests?
- Frequency of testing
- Independence of auditors
- Nature of internal controls
- Extent of substantive tests (correct)
Which tool is presumed to be used by the auditor for conducting audit tests in the discussion provided?
Which tool is presumed to be used by the auditor for conducting audit tests in the discussion provided?
- QuickBooks
- Excel
- SAP
- ACL (correct)
What is crucial for the auditor to verify before conducting analysis on accounting files?
What is crucial for the auditor to verify before conducting analysis on accounting files?
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What knowledge does the auditor need about accounting files for analysis purposes?
What knowledge does the auditor need about accounting files for analysis purposes?
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Which chapter dealt with common file structures and their audit implications?
Which chapter dealt with common file structures and their audit implications?
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What is a key requirement for the auditor when working with files?
What is a key requirement for the auditor when working with files?
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