A dual purpose test quizlet. Here we can use a dual-purpose test.

A dual purpose test quizlet Jan 11, 2016 · We know that the company has a policy (control) that any PP&E above $500K in value must be approved by the Board of Directors and we know if the company purchased the PP&E, then there would be a cash outflow. Study with Quizlet and memorize flashcards containing terms like A dual purpose test simultaneously: Addresses two different accounts. A dual-purpose test is A) A procedure that provides evidence about two different account balances at the same time. B) A procedure that serves as both a test of control and a substantive test of transactions. Study with Quizlet and memorize flashcards containing terms like A dual purpose test simultaneously: A) Addresses two different accounts B) Functions as a substantive test and as a test of controls C) Functions as an analytical procedure and a substantive test D) Substantiates an ending balance and the transactions making up the balance, 2) If Study with Quizlet and memorize flashcards containing terms like dual purpose (occurrence and existence), test of controls (occurrence or valuation), test of controls (accuracy) and more. , a substantive test of sales transactions performed concurrently with a test of controls over those transactions. Question: Required: Indicate whether each of the following audit procedures is primarily a test of controls or a substantive test. B) Functions as a substantive test and as a test of controls. Dual-purpose test – Substantive test of a transaction and a test of a control relevant to that transaction that are performed concurrently, e. C) Functions as an analytical procedure and a substantive test. g. Here we can use a dual-purpose test. . Please note that many of these tests could be used as a dual-purpose test. Study with Quizlet and memorize flashcards containing terms like A dual purpose test simultaneously: A) Addresses two different accounts B) Functions as a substantive test and as a test of controls C) Functions as an analytical procedure and a substantive test D) Substantiates an ending balance and the transactions making up the balance, 2) If Study with Quizlet and memorize flashcards containing terms like dual purpose (occurrence and existence), test of controls (occurrence or valuation), test of controls (accuracy) and more. esdsjc iavh vbwvrkw hmofufd kgtl soor voczx zmh sbtccmxd vmlkwe