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 the inherent risk and control risk assessment is high, the auditor will need to perform more substantive testing to obtain sufficient evidence to support the financial statements.

When the Inherent Risk and Control Risk Assessment Is High