Performing Substantive Procedures Prior to Year-End,in the Absence of Specific

question 8

Multiple Choice

Performing substantive procedures prior to year-end,in the absence of specific effective controls,may be acceptable when:

• A)the likelihood of errors or fraud is low.
• B)the auditor is able to conclude overall that the client's control environment is effective.
• C)the likelihood of errors or fraud is high.
• D)Both a and c