If Auditors Conduct Substantive Procedures as of 10/31 for an Entity

Multiple Choice

If auditors conduct substantive procedures as of 10/31 for an entity with a 12/31 year-end

A) Additional tests are seldom conducted for the remaining period.
B) Additional control tests are required in the remaining period.
C) The client's controls likely are ineffective.
D) Additional tests likely will be performed in the remaining period.