Which Statement Is Correct

question 24

Multiple Choice

Which statement is correct?

• A)Assertions affected by highly objective estimates usually require direct tests of balances.
• B)The materiality of the account totally dictates the substantive procedures to be performed.
• C)The evidence the auditor obtains from risk assessment procedures does not influence the substantive procedures to be performed.
• D)The extent and results of control tests performed by the auditor will influence the substantive procedures to be performed.

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Definitions:

Complex Theories

Theories that encompass multiple variables and interactions to explain phenomena in a detailed manner.

Weak Methods

Ineffective or insufficient techniques or processes that fail to produce the desired outcome.

Convergence

The process or phenomenon of coming closer together or becoming more similar, often in the context of ideas, objectives, or technologies.

Research Approaches

Various methods or strategies employed in conducting scientific inquiries or investigations.