Which is most likely when the assessed level of control risk increases? Use larger sample sizes for substantive procedures. Perform substantive procedures directed inside the entity rather than tests directed toward parties outside the entity. Change from performing substantive procedures at year-end to an interim date. Use the maximum number of dual purpose tests.
Which is most likely when the assessed level of control risk increases? Use larger sample sizes for substantive procedures. Perform substantive procedures directed inside the entity rather than tests directed toward parties outside the entity. Change from performing substantive procedures at year-end to an interim date. Use the maximum number of dual purpose tests.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hd .14.
Which is most likely when the assessed level of control risk increases? Use larger sample sizes for substantive procedures. Perform substantive procedures directed inside the entity rather than tests directed toward parties outside the entity. Change from performing substantive procedures at year-end to an interim date. Use the maximum number of dual purpose tests.
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