Each of the following might, by itself, form a valid basis for an auditor to reduce substantive testing except for the:
A)difficulty and expense involved in testing a particular item.
B)assessment of control risk at a low level.
C)low inherent risk involved.
D)high quality of the evidence gathered.

Question

Quizplus · Accepted Answer

The difficulty and expense involved in testing a particular item is not a valid basis for an auditor to reduce substantive testing. Auditors should base their decisions on risk assessments and the quality of evidence, not on the cost or difficulty of obtaining evidence.

Each of the Following Might, by Itself, Form a Valid