True/False
If inherent risk is increased from low to medium, tests of details of balances can be reduced.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: A listing of all the things which
Q3: After finishing the review phase of the
Q4: Auditors follow a four- step approach to
Q5: The tests of controls and substantive tests
Q8: Which of the following is NOT a
Q13: When designing an audit program for tests
Q62: Auditing standards require that tests of controls
Q94: Performing substantive tests of balances before the
Q97: Only when testing details of balances will
Q103: The type of audit report issued depends