A substantive strategy differs from a reliance strategy in that a substantive strategy includes:
A)increased implementation of detailed tests of transactions and balances.
B)extra tests of controls.
C)increased emphasis on verbal representations from management.
D)setting control risk at a minimum level.

Question

Quizplus · Accepted Answer

A substantive strategy involves performing detailed tests of transactions and balances to gather evidence about the financial statements' accuracy, as opposed to relying primarily on the effectiveness of internal controls.

A Substantive Strategy Differs from a Reliance Strategy in That