When the preliminary audit strategy calls for the primarily substantive approach, the planned acceptable level of detection risk should be set at moderate or high.

Question

Quizplus · Accepted Answer

When the preliminary audit strategy calls for a primarily substantive approach, the planned acceptable level of detection risk is typically set lower, not moderate or high, because the auditor is relying more on substantive procedures to detect material misstatements.

When the Preliminary Audit Strategy Calls for the Primarily Substantive