1 List the Three Assumptions That Would Cause an Auditor

question 14

Essay

1. List the three assumptions that would cause an auditor to assess control risk as being high and adopt the predominantly substantive approach.
2.Give three reasons as to why the predominantly substantive approach can be more suitable to smaller entities.

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Definitions:

Psychoactive Drugs

Substances that alter perception, mood, consciousness, or behavior by affecting the brain's chemistry.

Synapse

Spatial junction between one neuron and another; forms the information transfer site between neurons.

Nicotine

A stimulant and addictive substance found in tobacco products that affects the nervous system.

Acetylcholine Agonist

A substance that mimics the action of acetylcholine, a neurotransmitter, by binding to acetylcholine receptors and activating them, influencing various bodily functions.