The major factor affecting the decision by the auditor to perform substantive procedures during the interim period will be based upon:
A) staffing considerations.
B) the cooperation of client personnel, especially internal auditors.
C) controlling detection risk and cost effectiveness.
D) the approach followed in the past.

Question

Quizplus · Accepted Answer

Controlling detection risk and cost effectiveness are major factors affecting the auditor's decision to perform substantive procedures during the interim period. This is because the auditor aims to achieve an appropriate balance between the risk of not detecting material misstatements and the cost of performing the audit procedures.

The Major Factor Affecting the Decision by the Auditor to Perform