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svet-max [94.6K]
3 years ago
10

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

Business
1 answer:
Goshia [24]3 years ago
8 0

Answer:

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 <em>bank account confirmation, observation of the firm's physical inventory, </em>or<em> analytical review of the assets, liabilities, and revenue</em>.

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