Every audit will involve _______.
A)conflicts with management pertaining to estimates
B)relying on the internal audit function for production of evidentiary matter
C)some amount of substantive testing because audit standards require it for relevant assertions
D)no substantive testing because audit standards require it not to be conducted for relevant assertions

Question

Quizplus · Accepted Answer

The audit standards require some amount of substantive testing to be conducted for relevant assertions, therefore every audit will involve some amount of substantive testing. The other options are not true for every audit. Conflicts with management regarding estimates may not always arise, and relying on the internal audit function for production of evidentiary matter may not be necessary for all audits. Option D is incorrect as substantive testing is always required for relevant assertions.

Every Audit Will Involve _______