hard20 pts · first answer countsaudit-risksubstantive-testing

Responding to a significant risk

Under SA 330 / ISA 330, which requirement applies when the auditor has identified a significant risk?

A.Tests of controls alone are always enoughB.The auditor must perform substantive procedures specifically responsive to that risk, and if only substantive procedures are used, they must include tests of detailsC.Analytical procedures alone are always enoughD.The auditor can rely on controls tested in the previous audit without retesting them

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Responding to a significant risk

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