Question: Which detail testing approach seems most appropriate in this situation: the minimum level of directed testing together with a larger audit sample, expanded directed testing

Which detail testing approach seems most appropriate in this situation: the minimum level of directed testing together with a larger audit sample, expanded directed testing with no audit sampling, or both expanded directed testing and audit sampling? Be sure to consider the effectiveness and efficiency of the approach, as well as the level of assurance needed in view of the evidence already obtained from controls testing, substantive analytical procedures, etc.

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In this case since tests of controls and substantive analytics provide moderate assurance we will ne... View full answer

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