Substantive procedures are also known as:

Question 1 options:
tests of details.
compliance tests.
tests of subsequent events.
tests of controls.

Question 2 (1 point)

Which type of substantive procedure do auditors ordinarily use when testing income
statement accounts?

Question 2 options:
confirmations
recalculations
analytical procedures
observations

Question 3 (1 point)

Analytical procedures involve:

Question 3 options:
the investigation of identified fluctuations and relationships that are inconsistent
with other information.
evaluations of financial information made by a study of plausible relationships
among financial and non-financial data.
both a and b.
none of the above. 

Question 4 (1 point)

When substantive tests performed identify errors or exceptions, the auditor's first
response is to:
Question 4 options:
qualify the audit report.
report the client to CICA.
understand why the exception or error has arisen.
none of the above.

Question 5 (1 point)

Comparing supplier/creditor invoices to the initial record of entry relates to which

assertion?

Question 5 options:
completeness
accuracy
cut-off
existence

Question 6 (1 point)

Bad debts expense is ordinarily tested as part of the testing of the valuation of:

Question 6 options:
trade payables
trade receivables
cash at bank
inventory

Question 7 (1 point)

Which of the following are examples of substantive procedures in auditing revenue that
are regularily performed?

Question 7 options:
testing the cut-off of revenues
 comparing the monthly income statements to budget and investigating any
unexpected fluctuations
both a and b
none of the above

Question 8 (1 point)

Which of the following assertions relates to the audit objective that all sales and other
revenues that accrued to the entity during the period are included in the income
statement?

Question 8 options:
classification
occurrence
completeness
accuracy

Question 9 (1 point)

The level of substantive procedures will be limited when:

Question 9 options:
the inherent and control risk assessment is low.
there are no controls tested or relied upon.
the inherent and control risk assessment is high.
the client requests the auditor to perform limited procedures.

Question 10 (1 point)

The three audit assertions that are important to ensure the auditor has gained sufficient
and appropriate audit evidence for sales revenue are:

Question 10 options:
completeness, accuracy and occurrence.
occurrence, accuracy and cut-off.
cut-off, accuracy and completeness.
classification, accuracy and completeness.