Tag (SQ): Audit Approach

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AAA – L3 – SA – Q3.7 – Directional Testing

Question

Directional testing is an approach to auditing which tests:

A asset and liability balances for overstatement

B asset and liability balances for understatement

C asset balances for understatement and liability balances for overstatement

D asset balances for overstatement and liability balances for understatement

Answer

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