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If the auditor's assessment of audit risk is low (e.g., 1% rather than 5%), what is the effect on the amount of substantive testing performed
If the auditor's assessment of audit risk is low (e.g., 1% rather than 5%), what is the effect on the amount of substantive testing performed by the auditor?
a. Decrease in substantive testing
b. Increase in substantive testing.
c. Substantive testing is not needed.
d. No change in substantive testing.
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