/homework-help/questions-and-answers/tiple-choice-choose-one-alt E Chegg Study Textbook Solutions Expert Q&A Stud 2 tests of controls 3 substantive tests of transactions 4 substantive analytical procedures 5 ests of details of balances A)23, and 5 D) 23, and 4 934 and 5 B) 1,2, and 3 32) The purpose of tests of controls is to provide reasonable assurance that the A) entity has complied with GAAP disclosure requirements B) entity has complied with requlrements of quality control. 9accounting treatment of transactions and balances is valid and proper. D) internal control procedures are functioning as intended. 33) 33) In the context of an audit of finandial statements, substantive tests are audit procedures that A) are designed to discover significant subsequent events B) will increase proportionately with the auditior's reliance on Intermal controlL 9are designed to test for dollar misstatements D) may be elininated under certain conditions 34) 34) Which of the following is true? A) Tests of details of balanoes focus on comparisons of recorded amounts to expectations developed by the auditor. B) Tests of details of balances focus on the ending gemeral ledger balances for both balance sheet and income statement accounts Q Tests of details of balances focus on the transactions during the perlod for both balance sheet and income statement accounts D) Tests of details of balances focus on the auditor's understanding of internal controls. 35) Which of the folowing audit tests is usually the least costly to perform? A) tests of balances substantive tests of transactions 35) B) tests of controls Dsubstantive analytical procedures 36) The document that details the specific audit procedures for each type of test is the A) audit strategy 9 audit risk model. 36) B) audit procedure. D) audit program 37) The following four questions relate to the mix of the five tests available to the auditor fo evidence rith sophisticated Internal controls The auditor does an e rnls The con