Skillset can help you prepare! Sign up for your free Skillset account and take the first steps towards your certification.
The comparison of data from an accounts payable application to vendor invoices in a specific month is best defined as:
Judgment sampling.
Qualitative analysis.
Compliance testing.
Substantive testing.
Substantive testing involves obtaining audit evidence on the completeness, accuracy or existence of data at the individual transaction level. This can be achieved by comparing the data in the application to the base document. In this case, comparison is made with the vendor invoices. Compliance testing involves testing the controls designed to obtain audit evidence on both the effectiveness of the controls and their operation during the audit period. Qualitative analysis is typically related to risk analysis and should not be used in this scenario. Judgment sampling is a sample that is selected subjectively or not at random, or in which the sampling results are not evaluated mathematically.
Study thousands of practice questions that organized by skills and ranked by difficulty.
Create a tailored training plan based on the knowledge you already possess.
Know when you’re ready for the high-stakes exam. Have the confidence that you will pass on your first attempt.