Question 1 Which of these would be a reason for adopting a predominantly substantive approach? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Accounts are affected by more than one transaction class b Detection risk has been assessed as high C There are no significant control procedures that pertain to the assertion Control risk has been assessed as low d

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 1
Which of these would be a reason for adopting a predominantly substantive approach?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
Accounts are affected by more than one transaction class
Detection risk has been assessed as high
C
There are no significant control procedures that pertain to the assertion
Control risk has been assessed as low
b
d
Transcribed Image Text:Question 1 Which of these would be a reason for adopting a predominantly substantive approach? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Accounts are affected by more than one transaction class Detection risk has been assessed as high C There are no significant control procedures that pertain to the assertion Control risk has been assessed as low b d
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