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Which of the following statements is not true about substantive testing ( both interim and final ) stages of audit process? Question 1 5 options:
Which of the following statements is not true about substantive testing both interim and final stages of audit process?
Question options:
Substantive testing is done to detect material misstatements in the financial statements
Substantive testing is the primary way for auditors to reduce the detection risk
Substantive testing helps auditors to reduce the inherent risk
Substantive testing is typically done after the understanding the client and its business stage of the audit process
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