When Evaluating the Planned Level of Substantive Tests for Each

question 4

Multiple Choice

When evaluating the planned level of substantive tests for each significant financial statement assertion, the auditor will consider the evidence obtained from all of the following except:

• A) procedures to understand the business and industry and related analytical procedures that have been completed.
• B) evidence about the effectiveness of internal controls gained while obtaining an understanding of internal controls.
• C) the assessment of detection risk.
• D) the assessment of inherent risk.
• E) evidence of effectiveness of computer control procedures and related manual follow-up.