If control risk is assessed very low,the substantive audit procedures on account balances must be expanded.

Name: If control risk is assessed very low,the substantive audit procedures on account balances must be expanded.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If control risk is assessed as very low, it means that the auditor can rely on the client's internal controls and perform limited substantive procedures. Therefore, there is no need to expand substantive audit procedures on account balances.

If Control Risk Is Assessed Very Low,the Substantive Audit Procedures