The nature, timing and extent of substantive procedures is related to assessed level of control risk

Related MCQs

• In an audit of financial statements, substantive tests are audit procedures that __
• Control risk is assessed at
• What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?
• What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing?
• Which of the following statements is most closely associated with analytical procedure applied at substantive stage?
• If the auditor assesses control risk as high….
• An auditor assesses control risk because it
• An analysis of fixed assets account has revealed possibility of unrecorded sale of plant and machinery. Which of the following audit procedures may be adopted to discover it?
• Analytical procedures issued in the planning stage of an audit, generally
• For all audits of financial statements made in accordance with AAS14, the use of analytical procedures is at the discretion of the auditor in which stage?