Multiple Choice
When the assessment of inherent and control risk is low:
A) the level of substantive procedures is limited.
B) there are lots of controls that have been tested and found to be effective.
C) both a and b.
D) none of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: A pledge is something delivered as security
Q7: Which of the following account balances are
Q8: Completeness of property, plant and equipment is
Q9: Which of the following is a substantive
Q14: Auditors usually test for the existence of
Q16: Celestino Minotti tested the posting of individual
Q17: The typical procedures performed to verify that
Q18: Provisions can be easily audited by controls
Q37: Discuss the specific issues that auditors should
Q41: What are the principal objectives in auditing