Explain the relationship between the methodology for designing tests of controls and substantive tests of transactions in

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Explain the relationship between the methodology for designing tests of controls and substantive tests of transactions in Figure 13-4 and the methodology for designing tests of details of balances in Figure 13-6.

Figure 13-4:

Figure 13-6:

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Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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Question Posted: Aug 18, 2022 09:15 AM

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Explain the relationship between the methodology for designing tests of controls and substantive tests of transactions in

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ANSWER The methodology for designing tests of controls and substantive tests of transactions in Figure 134 is used to assess the risks of errors or fraud in the sales and collection cycle and to desig...View the full answer

Auditing and Assurance services an integrated approach

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