Ask Question
Today, 12:57

One type of substantive procedures is called: a. Analytical review b. Financial review c. Test of accounts d. Test of deletions

+4
Answers (1)
  1. Today, 13:16
    0
    The correct answer is letter "A": Analytical review.

    Explanation:

    Substantive procedures are those steps auditors take to confirm the accuracy of the Financial Statements being checked. This activity aims to confirm if there are transactions recorded incorrectly in a company's books. Some examples of substantive procedures are bank account confirmation, observation of the firm's physical inventory, or analytical review of the assets, liabilities, and revenue.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “One type of substantive procedures is called: a. Analytical review b. Financial review c. Test of accounts d. Test of deletions ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers