If Inherent Risk Is High and No Assurance Has Been

Multiple Choice

If inherent risk is high and no assurance has been obtained from controls testing:

A) only overall analytical review procedures need to be performed to reduce detection risk to an acceptable level.
B) no further substantive testing needs to be performed.
C) extensive substantive procedures need to be performed to estimate the dollar value of any error in the account balance.
D) None of the above.