How do the key differences between balance sheet accounts and income statement accounts affect the nature, timing,

Question:

How do the key differences between accounts and income statement accounts affect the nature, timing, and extent of substantive testing of each?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...