In the Context of an Audit of a Financial Report

Multiple Choice

In the context of an audit of a financial report, substantive tests are audit procedures that:

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