Question
Before performing substantive procedures at an interim date, an auditor should Assess control risk at a low level. Determine that materiality for the accounts tested
Before performing substantive procedures at an interim date, an auditor should
Assess control risk at a low level.
Determine that materiality for the accounts tested is insignificant.
Assess inherent risk at a high level.
Consider the increased risk that period-end misstatements will not be detected.
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Managerial Accounting
Authors: James Jiambalvo
5th edition
1118078764, 978-1118078761
