Performing Substantive Procedures Prior to Year-End, in the Absence of Specific

Multiple Choice

Performing substantive procedures prior to year-end, in the absence of specific effective controls, may be acceptable when:

A) the auditor is able to conclude overall that the client's control environment is effective.
B) the likelihood of errors or fraud is high.
C) the likelihood of errors or fraud is low.
D) Both a and c