An auditor has gained a detailed understanding of the client's system of internal controls and has conducted extensive tests of those controls. She later assesscontrol risk as low. What is she planning to perform?
A) a combined audit strategy
B) an audit of financial controls
C) a substantive audit strategy
D) a modified audit strategy

Question

Quizplus · Accepted Answer

A combined audit strategy involves using both tests of controls and substantive procedures when control risk is assessed as low, allowing the auditor to rely on the effectiveness of the client's internal controls.

An Auditor Has Gained a Detailed Understanding of the Client's