Auditing & Assurance Services 6th Edition by Timothy Louwers

Exercise 67

In most audits of large entities, control risk assessment contributes to audit efficiency, which means that
A) The cost of substantive procedures will exceed the cost of control evaluation work.
B) Auditors will be able to reduce the cost of substantive procedures by an amount more than the control evaluation costs.
C) The cost of control evaluation work will exceed the cost of substantive procedures.
D) Auditors will be able to reduce the cost of substantive procedures by an amount less than the cost of tests of controls.