With a dual-purpose test,what is an auditor likely to do?
A)Perform a substantive procedure concurrently with a test of a control.
B)Perform a substantive procedure concurrently with a risk assessment test.
C)Perform a risk assessment test concurrently with a test of a control.
D)None of the above.

Question

Quizplus · Accepted Answer

A dual-purpose test is when an auditor performs a substantive procedure concurrently with a test of a control. This means that the auditor is testing the effectiveness of a control while also gathering substantive evidence on the financial statement assertion being tested. This approach can save time and resources by combining two procedures into one.

With a Dual-Purpose Test,what Is an Auditor Likely to Do