It is generally more efficient to follow a substantive strategy for auditing investments.

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Following a substantive strategy involves testing a sample of transactions or account balances to gather evidence about the overall accuracy of an investment. This allows auditors to focus on areas of higher risk and avoid spending unnecessary time and resources on low-risk areas. As a result, a substantive strategy is generally more efficient and effective than a controls-based strategy, which involves testing the effectiveness of a company's internal controls.

It Is Generally More Efficient to Follow a Substantive Strategy