Which of the following statements best describes why an auditor would use only substantive procedures to evaluate specific relevant assertions and risks Multiple Choice The relevant internal control components are not well documented The internal auditor already has tested the relevant controls and found them effective The cost of substantive procedures will exceed the cost of testing the relevant controls Testing the operating effectiveness of the relevant controls would not be efficient

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Question: Which of the following statements best describes why an auditor would use only substantive procedures to evaluate specific relevant assertions and risks? Multiple Choice The

Which of the following statements best describes why an auditor would use only substantive procedures to evaluate specific relevant assertions and risks?

Multiple Choice

The relevant internal control components are not well documented.
The internal auditor already has tested the relevant controls and found them effective.
The cost of substantive procedures will exceed the cost of testing the relevant controls.
Testing the operating effectiveness of the relevant controls would not be efficient.

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4. Explain the strengths and weaknesses of each approach.

d. Describe any challenges in trying to communicate. If there were no challenges, explain why you think it was so easy.

3. Identify the methods used within each of the three approaches.