Indicate whether you agree or disagree with the following statements and explain your reasoning. a) During her career as a manager in public practice, Sammy Pline has performed audits of large and medium sized clients. When she visited a small business client, a wheel wholesaler that has had a history of poor controls, she gave a lot of thought to performing her planned audit approach. She decided to use the substantive audit approach b) The auditor decided to review balance-level controls at year-end. c) Thomas Hatch, the auditor-in-charge of the Clearwater energy company, was explaining to Mischa Krauss the importance of the timing of substantive procedures: "Although we associate examinations of internal controls with interim work and substantive procedures with year-end work, we can still perform substantive procedures before year-end if there is an ineffective control environment d) Tracy MacKinley, the junior auditor at McMaster Mining Inc. was explaining to the co-op student how vouching works: "We take a balance or a transaction from the underlying accounting records and agree it to the supporting evidence outside the company." e) Cavan James, the senior auditor of the keywest audit, feels that the large population of sales transactions warrants the use of representative sampling. She mentions to her statt: "Representative sampling using audit risk tables is especially useful when a low level of errors exist in an accounting system and the auditor perceives the risk of understatement to be low. ! ABI Agree/Disagree Why B D E