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) Relationship between the cost of obtaining evidence and its usefulness.

Question

Quizplus · Accepted Answer

The difficulty and expense involved in testing a particular item is not a valid basis for reducing substantive testing, as it does not relate to the risk of material misstatement or the effectiveness of controls.

Each of the Following Might,by Itself,form a Valid Basis for an Auditor