Explain how the nature of a substantive test could affect the decisions about when and how much substantive testing is performed

Accounting Sep 18, 2020

Explain how the nature of a substantive test could affect the decisions about when and how much substantive testing is performed. How do these decisions relate to the overall risk assessment for the item being tested? Differentiate risk response at the financial statement level with risk response at the assertion level? What are substantive procedures designed to obtain evidence about? What are the main types of substantive procedures?