Following are the three possible audit strategies discussed in the text.
A.A Primarily Substantive Approach
B.A Lower Assessed Level of Control Risk Approach
C.A Response to Lower Inherent Risk Approach
REQUIRED: Using the corresponding letters from the list above, match the audit strategy with the audit strategy components listed below. (Items may be used more than once.)
1.Plan few, if any, tests of controls.
2.Plan to obtain a minimum understanding of relevant portions of internal
controls.
3.Obtain extensive knowledge of the client's business processes relevant to the
assertion.
4.Use a planned assessed level of control risk of moderate or low.

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The Answer of Following are the three possible audit strategies discussed in the text.
A.A Primarily Substantive Approach
B.A Lower Assessed Level of Control Risk Approach
C.A Response to Lower Inherent Risk Approach
REQUIRED: Using the corresponding letters from the list above, match the audit strategy with the audit strategy components listed below. (Items may be used more than once.)
1.Plan few, if any, tests of controls.
2.Plan to obtain a minimum understanding of relevant portions of internal
controls.
3.Obtain extensive knowledge of the client's business processes relevant to the
assertion.
4.Use a planned assessed level of control risk of moderate or low.

Following Are the Three Possible Audit Strategies Discussed in the Text