Match the Tests to the appropriate Explanations - (Tests can be used once, more than once or not at all)

Tests

A Test of Control

B Substantive Test of Transactions

C Analytical Procedures

D Test of Details of Balances

Explanations

1. Focus on the ending general ledger balances for both balance sheet and income statement accounts
2. Use of comparisons and relationships to assess whether account balances or other data appear reasonable
3. Used to determine whether controls are effective and usually involve testing a sample of transactions
4. Audit procedures testing the monetary misstatements to determine whether the transaction-related audit objectives (related to management assertions) have been satisfied for each class of transactions
5. Audit procedures testing for monetary misstatements to determine whether the balance related audit objectives have been satisfied for each significant account balance