Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

Exercise 17

When there are numerous property and equipment transactions during the year, an auditor who plans to set the control risk at a low level usually performs
A) Substantive analytical procedures for property and equipment balances at the end of the year.
B) Tests of controls and extensive tests of property and equipment balances at the end of the year.
C) Substantive analytical procedures for current-year property and equipment transactions.
D) Tests of controls and limited tests of current-year property and equipment transactions.