Question: While conducting substantive tests over a company's purchasing process, the auditor determines whether debit balances in accounts payable are significant in the aggregate, and should

While conducting substantive tests over a company's purchasing process, the auditor determines whether debit balances in accounts payable are significant in the aggregate, and should be reclassified as accounts recelvable. This is an example of
tests of details of presentation and disclosure.
tests of details of balances.
initial procedures.
analytical procedures.
While conducting substantive tests over a

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!