Typically, substantive testing tends to be performed
A) at the start of the financial year.
B) at or near year end.
C) half way through the financial year.
D) only when the client's management allows the auditor to conduct the tests.

Question

Quizplus · Accepted Answer

Substantive testing is typically performed at or near year end, as it provides the auditor with the most up-to-date and relevant information about the financial statements. This helps to ensure that the financial statements are fairly presented and free from material misstatement.

Typically, Substantive Testing Tends to Be Performed