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Case 2.3 WorldCom: Professional Responsibility 3. Consult Paragraph 13-21 of PCAOB Auditing Standard No. 15. In terms of audit effectiveness and efficiency, brefly explain the

Case 2.3 WorldCom: Professional Responsibility

3. Consult Paragraph 13-21 of PCAOB Auditing Standard No. 15. In terms of audit effectiveness and efficiency, brefly explain the difference between substantive analytical procedures and substantive tests of details. Do you believe it was appropriate for Andersen to rely primarily on substantive analytical procedures? Why or why not?

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