Table illustrates variations in the emphasis on different types of audit tests. What are the benefits to the auditor of identifying the best mix of tests?
Table: Variations in Evidence Mix
Tests of Controls | Substantive Tests of Transactions | Analytical Procedures | Tests of Details of Balances | |
Audit 1 | E | S | E | S |
Audit 2 | M | M | E | M |
Audit 3 | N | E | M | E |
Audit 4 | M | E | E | E |
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