1) The objective of tests of details of transactions performed as substantive tests is to: a) Comply with generally accepted auditing standards

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1) The objective of tests of details of transactions performed as substantive tests is to:
a) Comply with generally accepted auditing standards.
b) Attain assurance about the reliability of the accounting system.
c) Detect material misstatements in the financial statements.
d) Evaluate whether management's policies and procedures operated effectively.

2)  Which of the following procedures would an auditor least likely perform before the balance sheet date?

a) Confirmation of accounts payable.

b) Observation of merchandise inventory.

c) Assessment of control risk.

d) Identification of related parties.