A substantive audit strategy: (a) Is appropriate when internal controls are very strong. (b) Means that the

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A substantive audit strategy: 

(a) Is appropriate when internal controls are very strong. 

(b) Means that the auditor will gain the minimum necessary knowledge of the client’s system of internal controls. 

(c) Requires the auditor to conduct extensive control testing. 

(d) Means that the auditor will conduct some interim testing and minimal year-end account balance testing.

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Auditing A Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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