If the auditor's assessment of the materiality of the account balance is high, what would be the respective effect on the extent of substantive testing and the nature of procedures performed. Extent of Tests Nature of Procedures
A) Less More rigorous
B) Less Less rigorous.
C) More Less rigorous
D) More More rigorous

Question

Quizplus · Accepted Answer

If the auditor's assessment of the materiality of the account balance is high, the respective effect on the extent of substantive testing would be more and the nature of procedures performed would be more rigorous. This is because if the account balance is considered highly material, the auditor would need to perform more extensive tests and more rigorous procedures to ensure the accuracy and completeness of the financial statements.

If the Auditor's Assessment of the Materiality of the Account