Professional standards do not allow the performing of substantive audit procedures at an interim date.

Name: Professional standards do not allow the performing of substantive audit procedures at an interim date.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Professional standards do allow the performance of substantive audit procedures at an interim date, but auditors must assess the risk of material misstatement and consider the need for additional procedures at the period end.

Professional Standards Do Not Allow the Performing of Substantive Audit