If RMM is low, auditors are much more likely to perform substantive procedures for balance sheet accounts ______.
A)one or two months prior to year-end
B)one or two months after year-end
C)at year-end
D)None of these answer choices are correct.

Question

Quizplus · Accepted Answer

When the risk of material misstatement (RMM) is low, auditors may perform substantive procedures earlier, such as one or two months prior to year-end, as there is less concern about significant changes occurring before the financial statements are finalized.

If RMM Is Low, Auditors Are Much More Likely to Perform