Which of the audit procedures is a form of inductive reasoning where the reasonableness of the aggregate results is inferred from the evidence of reliability of the individual details that are tested?

Related MCQs

• Financial (attest) audit includes: i Examination and evaluaion of financial records ii Audit of financial systems and transactions iii Audit of intenal control and internal audit functions iv Evaluation of Compliance with applicable statutes and regulations
• what are the audit procedures commonly used to obtain audit assurance?
• Instructions to audit team members on the performance of chosen audit procedures are contained in the
• The extent of audit procedures and the the level of assurance required are
• Policies, systems and procedures established by Comptroller and Auditor General to maintain a high standard of audit activity are also called
• Financial (attest) audit is primarily concerned with expression of audit opinion on a set of financial statements.
• Transaction audit is linked to a specific assurance on an individual set of financial Statements in a particular year
• Which of the following is not a part of analytical procedures?
• The three levels of substantive procedures that can be performed in decreasing order of assurance required are:
• Analytical Procedures are unlikely to be used when these are performed.