When the auditor has determined that there is a significant risk of misstatement for a particular assertion (for example,completeness of revenue),what type of audit testing does CAS 330 require?
A)tests of risk assessment
B)tests of understanding of internal control
C)control tests
D)substantive tests

Question

Quizplus · Accepted Answer

CAS 330 requires the auditor to perform substantive tests to address the significant risk of misstatement identified during the risk assessment. Substantive tests involve gathering direct evidence about the assertions being audited, typically through testing transactions or balances.

When the Auditor Has Determined That There Is a Significant