After the Auditor Planned the Audit Based on the Lower

question 23

Multiple Choice

After the auditor planned the audit based on the lower assessed level of control risk approach it was found that the tests of control did not support this approach.Although the controls were well designed they were not implemented and therefore ineffective.What audit strategy should the auditor now pursue?

• A)Adopt a predominantly substantive approach.
• B)Perform more extensive tests of control than originally planned.
• C)Reduce the level of substantive procedures.
• D)None of the above.

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Definitions:

Enzymatic Activity

Refers to the catalytic action performed by enzymes, speeding up biochemical reactions within organisms without being consumed in the process.

RNA

Ribonucleic acid, a molecule essential for various biological roles such as coding, decoding, regulation, and expression of genes.

Cofactor

A non-protein chemical compound or metallic ion that is required for a protein's biological activity to happen, acting as an enzyme helper.