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
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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.
| Is This Answer Correct ? | 12 Yes | 4 No |
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