Question: Explain the relationship between the timing of substantive procedures and the risk assessment of the significant account in question. What options does an auditor have

Explain the relationship between the timing of substantive procedures and the risk assessment of the significant account in question. What options does an auditor have for performing some of the substantive procedures prior to year end? Explain.

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i nterim testing is more likely for accounts with low overall risk assessments and yearend testing i... View full answer

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