Regardless of the level of assessed control risk,the auditor must conduct some substantive procedures for material account balances.

Question

Quizplus · Accepted Answer

Substantive procedures are used to obtain direct evidence about the completeness, accuracy, and validity of account balances, regardless of the assessed control risk. Therefore, it is necessary for the auditor to conduct substantive procedures for material account balances, regardless of the level of assessed control risk.

Regardless of the Level of Assessed Control Risk,the Auditor Must