Which of the following factors affect the substantive procedures performed in an audit?
A)The subjectivity of the accounting process.
B)Size of the account.
C)Effectiveness of the relevant controls.
D)All of the above affect the substantive procedures that are performed.

Question

Quizplus · Accepted Answer

All of the factors listed affect the substantive procedures that are performed in an audit. 
- The subjectivity of the accounting process may require additional substantive procedures to obtain sufficient and appropriate evidence for the auditor's opinion. 
- The size of the account may require additional testing to ensure accuracy and completeness. 
- The effectiveness of relevant controls may impact the nature, timing, and extent of substantive procedures performed by the auditor.

Which of the Following Factors Affect the Substantive Procedures Performed