A high detection risk strategy includes all of the following except:
A)interim testing.
B)reduced testing of transactions.
C)heavy reliance on analytical procedures as substantive procedures.
D)audit work only completed at year-end.

Question

Quizplus · Accepted Answer

Audit work only completed at year-end increases detection risk, rather than decreasing it. The other options, such as interim testing, reduced testing of transactions, and heavy reliance on analytical procedures as substantive procedures, all increase detection risk.

A High Detection Risk Strategy Includes All of the Following