The substantive approach to an audit is appropriate for many small businesses.

Name: The substantive approach to an audit is appropriate for many small businesses.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

The substantive approach to an audit involves examining the financial statements and transactions in detail to ensure accuracy and completeness. This approach is appropriate for many small businesses that do not have complex financial operations or significant internal control systems. Therefore, the statement is true.

The Substantive Approach to an Audit Is Appropriate for Many