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22. In order to promote audit efficiency the auditor considers cost in selecting audit tests to perform. Which of the following audit tests would be the most costly? 23. Which of the following procedures would most likely be performed in response to the auditor's assessment of the risk of monetary misstatements in the financial statements? 24. At what point in the audit process are tests of details most appropriately designed? 25. If no material differences are found using analytical procedures and the auditor concludes that misstatements are not likely to have occurred: 26. Transaction related audit objectives would most likely be performed in which phase of the audit process? 27. The reliance the auditor places on substantive tests in relation to the reliance placed on internal control varies in a relationship that is ordinarily: 28. The document that details the specific audit procedures for each type of test is the: 29. An exception or deficiency found in a test of controls: 30. Which of the following is ordinarily designed to detect material dollar errors on the financial statements? ======================================================== ACC 403 Quiz 6 For more classes visit www.snaptutorial.com