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

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Definitions:

Including Fruit

The act of adding fruit to one's diet, which emphasizes the importance of consuming natural sources of vitamins, minerals, and dietary fiber.

Minimizing Cost

Strategies or actions taken to reduce expenses and financial outlays in both personal and business contexts.

Food Contaminated

Refers to food that has been tainted with harmful bacteria, viruses, parasites, or chemicals.

Pathogens

Microorganisms or agents that cause disease.