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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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