Choose all the correct options

Question

What is the most likely course of action that an auditor would take after determining that performing substantive tests

Accepted Answer

Perform only substantive tests on inventory.

Answer

Assess control risk at a low level.

Answer

Perform both tests of controls and substantive tests on inventory.

Answer

Perform only tests of controls on inventory.

What is the most likely course of action that an auditor would take after determining that performing substantive tests on inventory will take less time than performing tests of controls?