True/False
Professional auditing standards recognise that in instances where a significant amount of audit evidence is in electronic form, it may not be possible to reduce detection risk to an acceptable level by performing only substantive tests.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q95: Auditors follow a four-step approach to reduce
Q96: Analytical procedures performed during substantive testing are
Q97: Only when testing details of balances will
Q98: Even when all transaction-related audit objectives are
Q99: Which one of the following is ordinarily
Q101: Which of the following is NOT part
Q102: Which of the following is an exception
Q103: The type of audit report issued depends
Q104: If the results of the tests of
Q105: The reliance placed on substantive tests in