Question: When planning substantive tests, the auditor begins by considering the financial statement assertion for which evidence is sought because: The auditor will focus substantive tests

When planning substantive tests, the auditor begins by considering the financial statement assertion for which evidence is sought because:

The auditor will focus substantive tests only on the financial statement accounts with the highest risks of material misstatement.

The extent of substantive tests depends on the financial statement assertion for which the auditor seeks evidence.

The assertion for which evidence is sought determines the audit procedure chosen.

The timing of substantive tests depends on the financial statement assertion for which the auditor seeks evidence.

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