A substantive strategy is used when control risk has been set at the maximum level.

Question

Quizplus · Accepted Answer

A substantive strategy is used when control risk is set at the maximum level, meaning that there is little to no reliance on internal controls to detect misstatements in the financial statements. This strategy involves performing substantive procedures on account balances and transactions directly instead of relying on the effectiveness of internal controls.

A Substantive Strategy Is Used When Control Risk Has Been