In an audit of financial statements, substantive tests are audit procedures that __

(A) May be eliminated for an account balance under certain conditions

(B) Are designed to discover significant subsequent events

(C) Will increase proportionately when the auditor decreases the assessed level of control risk

(D) May be test of transactions, test of balance and analytical procedures

Share:

Note: if you think the answer of the question is wrong or changed with time, Comment below with right answer or its better to contact us via “Contact us page” for quick update. We will really appreciate your contribution.

Comments:

Leave a Comment

Your email address will not be published. Required fields are marked *