Multiple Choice
The auditor should consider all of the following when deciding whether substantive procedures will be performed at an interim date except:
A) the control environment and other relevant controls.
B) scheduling conflicts in the audit firm that make interim testing more convenient.
C) the purpose of the substantive procedure.
D) the assessed risk of material misstatement.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: The basic concept of internal control that
Q23: For certain controls, such as segregation of
Q24: Before applying substantive procedures to the details
Q25: As part of gaining an initial understanding
Q26: Internal control consists of six components.
Q28: The auditor must understand internal control before
Q29: After completing the preliminary phase of the
Q30: Data capture occurs through source documentation, direct
Q31: The auditor's communication of material weaknesses in
Q32: A substantive strategy is used when control