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When planning substantive audit procedures, what should the auditor do? Perform as many procedures from their standardized audit program as possible within the limits of

When planning substantive audit procedures, what should the auditor do?

Perform as many procedures from their standardized audit program as possible within the limits of the auditor's time budget.

Perform the same procedures that were performed for similar clients.

Respond to the client's specific risks of material misstatement at the assertion level.

Forego any substantive testing by testing the operating effectiveness of controls for all relevant assertions.

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