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reync89 reync89
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Which of the following statements is not true?

▸ Analytical procedures emphasize the overall reasonableness of transactions and balances.

▸ Tests of controls are concerned with evaluating whether controls are sufficiently effective to justify reducing control risk and thereby reducing analytical review procedures.

▸ Substantive tests of transactions emphasize the verification of transactions recorded in the journals and then posted in the general ledger.

▸ Tests of details of balances emphasize the ending balances in the general ledger.
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Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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studyinnursestudyinnurse
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