Essay
1. List the three assumptions that would cause an auditor to assess control risk as being high and adopt the predominantly substantive approach.
2.Give three reasons as to why the predominantly substantive approach can be more suitable to smaller entities.
Correct Answer:

Verified
1.The three assumptions are:
-There are ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
-There are ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q9: The nature of substantive procedures refers to
Q10: If the predominantly substantive approach preliminary audit
Q11: In practice, early substantive tests of details
Q12: A procedure the auditor would employ in
Q13: List two procedures that could be performed
Q15: Which of these is not normally a
Q16: Confirmation and direct knowledge by the auditor
Q17: If the predominantly substantive approach preliminary audit
Q18: Which of these is not considered a
Q19: The audit program is basically a list