Question
Which of the following is a substantive audit test?

A. Verifying that a management check has been performed regularly
B. Observing that user IDs and passwords are required to sign on the computer
C. Reviewing reports listing short shipments of goods received
D. Reviewing an aged trial balance of accounts receivable
Answers
Answer: D

A review of accounts receivable will provide evidence of the validity and propriety of the financial statement balance. Choices A, B and C are compliance tests to determine that policies and procedures are being followed.   Your Comment




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