Adopting an audit strategy that relies heavily on substantive testing: (a) Is appropriate when internal controls are
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Adopting an audit strategy that relies heavily on substantive testing:
(a) Is appropriate when internal controls are very strong.
(b) Requires the auditor to conduct extensive control testing.
(c) Means that the auditor will conduct some interim testing and minimal year-end account balance testing.
(d) Means that the auditor will gain the minimum necessary knowledge of the client’s system of internal controls.
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Related Book For
Auditing A Practical Approach
ISBN: 9780730364573
3rd Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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