When the inherent risk and control risk assessment is high:
A) there are no controls tested or relied upon.
B) minimal substantive tests are performed.
C) the amount of substantive testing is significant.
D) both a and c

Question

Quizplus · Accepted Answer

When inherent risk and control risk are high, auditors perform significant substantive testing to reduce the overall audit risk to an acceptable level.

When the Inherent Risk and Control Risk Assessment Is High