Question Details

Which of the following is ordinarily designed to detect possible material 



1.	At what point in the audit are tests of details most appropriately designed?
	a.	Engagement evaluation.
	b.	Planning.
	c.	Testing.
	d.	Communication of material weaknesses.
	
2. (Public)	Which of the following is/are performed in an audit of internal control over financial reporting?
	
		Procedures to obtain an understanding of internal control		

Test of details of balances		

Analytical Procedures
	a.	Yes		Yes		No
	b.	Yes		No		No
	c.	No		Yes		Yes
	d.	No		No		Yes
	
3.
	The reliance placed on substantive tests in relation to the reliance placed on internal control varies in a relationship that is ordinarily:
	a.	parallel.
	b.	inverse.
	c.	direct.
	d.	equal.
	
4.
	Which of the following is ordinarily designed to detect possible material dollar errors on the financial statements?
	a.	Tests of controls.
	b.	Analytical review procedures.
	c.	Computer controls.
	d.	None of the above.
	
5.	What type of test is used to obtain more types of evidence than any other?
	a.	Substantive tests of transactions.
	b.	Tests of controls.
	c.	Analytical procedures.
	d.	Tests of details.





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