When control risk is assessed at a high level for cash,the auditor will perform detailed substantive tests.

Question

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When control risk is assessed at a high level for cash, it means that the auditor has determined that there is high risk that the controls put in place to minimize errors or fraud in the cash account are not effective. In such a scenario, the auditor will perform detailed substantive tests (such as physical verification of cash, vouching of receipts and payments, etc.) to obtain sufficient and appropriate audit evidence to support the financial statements.

When Control Risk Is Assessed at a High Level for Cash,the