Auditors may expand other substantive procedures to address the heightened risks of fraud.

Name: Auditors may expand other substantive procedures to address the heightened risks of fraud.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Auditors may need to expand their substantive procedures in response to a risk assessment that identifies a heightened risk of fraud. This may include additional audit testing, such as more extensive analytical procedures or testing of specific transactions or account balances.

Auditors May Expand Other Substantive Procedures to Address the Heightened