Question: Auditors should design the written audit plan so that: Multiple Choice substantive tests prior to the balance sheet date will be minimized. each account balance

Auditors should design the written audit plan so that:

Multiple Choice

  • substantive tests prior to the balance sheet date will be minimized.

  • each account balance will be tested under either tests of controls or tests of transactions.

  • the audit procedures selected will achieve specific audit objectives.

  • all material transactions will be selected for substantive testing.

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