Regardless of the level of assessed control risk,the auditor must conduct some substantive procedures for material account balances.These procedures may include which of the following.

Question

Quizplus · Accepted Answer

Regardless of the level of assessed control risk, the auditor must conduct substantive procedures for material account balances. These procedures may include input from the audit team's brainstorming analysis regarding potential fraud, the size of the account balance, and how IT affects the company's flow of transactions. Therefore, all of the options listed are correct.

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