Which of the following factors impact the effectiveness and efficiency of using a substantive analytical procedure to respond to risk?
A) Nature of the assertion
B) Assessed risk of the material misstatement
C) Control over the data
D) Persuasiveness of the evidence
Correct Answer:
Verified
Q50: If during risk assessment auditors have identified
Q51: Some substantive procedures can only be performed
Q52: The cutoff assertion for sales means _.
A)that
Q53: When conducting a substantive analytical procedure, _.
A)auditors
Q54: A factor that auditors consider when determining
Q56: When the risk of material misstatement for
Q57: The use of a substantive analytical procedure
Q58: A significant risk is _.
A)a risk that
Q59: Every audit will involve _.
A)conflicts with management
Q60: A reliance on controls strategy would involve
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