Posted by: Pdfprep
Post Date: December 31, 2020
Deteriora Ltd has recently started up the audit of a new client, Thatch plc. The auditor has identified that Thatch plc has few employees in its accounting department.
Which of the following is the MOST appropriate approach that should be used by Deteriora Ltd under this circumstance?
A . Tests of control only
B . Substantive procedures only
C . A mix of tests of control and substantive procedures
D . No test is required
Answer: B
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