Question: The balance audit program Multiple Choice Lists specific procedures for gaining an understanding of the auditee's control risks. Lists substantive procedures for collecting direct evidence

The balance audit program

Multiple Choice

  • Lists specific procedures for gaining an understanding of the auditee's control risks.

  • Lists substantive procedures for collecting direct evidence on the financial statement assertions.

  • Lists specific procedures for gaining an understanding of the auditee's inherent risks.

  • Lists specific procedures for gaining an understanding of the auditee's business transaction processing systems and controls.

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