9. Part of planning an appropriate and effective audit strategy is for the auditor to determine the nature, timing and extent of audit procedures to be performed. Which of the following choices is correct regarding the nature, timing and extent of audit procedures? A. With respect to timing, accounts and assertions that are considered to be higher inherent risk are generally audited at the beginning of the engagement. B. With respect to the extent of audit procedures, the quantity is typically increased for accounts and assertions considered to be of lower inherent risk. C. With respect to the timing of audit procedures, accounts and assertions that are considered to be higher risk are generally audited closer to the balance sheet date. D. All of these statements are correct. 10. Two audit staff associates, Paul and Brenda are discussing the relationship between internal control and substantive testing performed by the auditor on an engagement. Paul advises Brenda that he is not quite sure of how this relationship works, and how these two areas are connected. Brenda's best response to this question would be which of the following? A. There really is no quantifiable relationship between these two areas. They just represent different parts of the audit. B. When a client's internal controls are assessed as stronger and more effective by the auditor, less substantive testing may be performed in order to reach an opinion, and vice-versa. C. When a client has a strong system of internal controls, the auditor will typically increase substantive testing in order to corroborate any conclusions drawn on internal control. D. The relationship between the two is such that the auditor performs substantive testing, including tests of details, on the clients system of internal control in order to assess the effectiveness of controls.