What Is the Most Likely Course of Action That an Auditor

Multiple Choice

What is the most likely course of action that an auditor would take after determining that performing substantive tests on inventory will take less time than performing tests of controls?

A) Assess control risk at a low level.
B) Perform both tests of controls and substantive tests on inventory.
C) Perform only substantive tests on inventory.
D) Perform only tests of controls on inventory.