Holding Other Planning Considerations Equal, a Decrease in the Amount

Multiple Choice

Holding other planning considerations equal, a decrease in the amount of misstatements in a class of transactions that an auditor could tolerate most likely would cause the auditor to:

A) Apply the planned substantive tests prior to the balance sheet date.
B) Perform the planned auditing procedures closer to the balance sheet date.
C) Increase the assessed level of control risk for relevant financial statement assertions.
D) Decrease the extent of auditing procedures to be applied to the class of transactions.