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Which of the following statements about the appropriateness of an audit strategy is most correct? A. Assuming effective controls, a predominately controls approach is likely
Which of the following statements about the appropriateness of an audit strategy is most correct? A. Assuming effective controls, a predominately controls approach is likely to be the most efficient audit approach to reduce audit risk for the assertion of occurrence for sales revenue when there are a large number of repetitive sales transinctions. B. Assuming effective controls, a predominately substantive approach is likely to be the most efficient approach when auditing a large client Required: Answer in the space below: 1. Which of the two options (A or B) is correct. ii. Why the response selected is correct. iii. Why the response not selected is incorrect
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