In the Context of an Audit of Financial Statements, Substantive

Multiple Choice

In the context of an audit of financial statements, substantive procedures are audit procedures that:

A) may be eliminated under certain conditions.
B) are primarily designed to discover significant subsequent events.
C) may be either tests of details of transactions, tests of details of account balances, or analytical procedures.
D) will increase proportionately with an increase in the auditor's reliance on internal control.