How can an auditor use results from procedures performed during the control risk assessment phase to affect the nature of substantive testing when testing cash balances? Explain the difference between the audit of the processes impacting cash and the substantive testing of the cash balance

Accounting Sep 18, 2020

How can an auditor use results from procedures performed during the control risk assessment phase to affect the nature of substantive testing when testing cash balances? Explain the difference between the audit of the processes impacting cash and the substantive testing of the cash balance. How is audit testing for each affected by the outcome of controls testing?