Which of these would be a reason for adopting a predominantly substantive approach?
A)Accounts are affected by more than one transaction class.
B)Detection risk has been assessed as high.
C)There are no significant control procedures that pertain to the assertion.
D)Control risk has been assessed as low.

Question

Quizplus · Accepted Answer

A substantive approach is adopted when there are no significant control procedures that pertain to the assertion, as reliance on controls is not possible or effective.

Which of These Would Be a Reason for Adopting a Predominantly