In an audit of financial statements, substantive tests are audit procedures that __________?
A. May be test of transactions, test of balance and analytical procedures

B. Are designed to discover significant subsequent events

C. Will increase proportionately when the auditor decreases the assessed level of control risk

D. May be eliminated for an account balance under certain conditions

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.