Umberto Levinson has performed a test of controls of a flower shop. He is trying to determine the timing of substantive procedurat year-end. Which factor will determine the timing of his audit procedures?
A) timing of the year-end work
B) audit risk
C) inherent risk
D) control risk

Question

Quizplus · Accepted Answer

The timing of the year-end work is a major factor that determines the timing of substantive procedures in an audit. As Umberto Levinson has already done the test of controls, it is important for him to determine the timing of substantive procedures in order to complete the audit in timely manner.

Umberto Levinson Has Performed a Test of Controls of a Flower