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FINAL ASSESSMENT Substantive procedures required for the financial statement close process
include: (Select two that apply) reviewing the classification and description of the financial
information examining material journal entries and other adjustments made in preparing the
financial statements determining whether the appropriate terminology has been used in the
financial statements agreeing or reconciling information in the financial statements and
disclosures with the underlying accounting records

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  • 1. FINAL ASSESSMENT Substantive procedures required for the financial statement close process include: (Select two that apply) reviewing the classification and description of the financial information examining material journal entries and other adjustments made in preparing the financial statements determining whether the appropriate terminology has been used in the financial statements agreeing or reconciling information in the financial statements and disclosures with the underlying accounting records