Regardless of the assessed level of control risk, an auditor would perform some:

Question

Quizplus · Accepted Answer

Choice "C" is correct. Regardless of the assessed level of control risk, an auditor would perform some level of substantive tests to restrict detection risk for significant transaction classes. Even with the lowest possible assessed level of control risk, substantive testing cannot be entirely eliminated for significant transaction classes or balances. Choice "A" is incorrect. An auditor generally would not perform tests of controls if it would not be efficient to do so. Choice "B" is incorrect. Analytical procedures are substantive audit procedures used by the auditor to test account balances, not to verify the design of internal controls. Choice "D" is incorrect. Dual purpose tests are often performed because they increase audit efficiency, but they are not required to be performed in every case.

Regardless of the Assessed Level of Control Risk, an Auditor