In most audits of large entities, control risk assessment contributes to audit efficiency, which means that
a. auditors will be able to reduce the cost of substantive procedures by an amount less than the costs of tests of controls
b. the cost of control evaluation will exceed the cost of substantive procedures
c. the cost of substantive procedures will exceed the cost of control evaluation work
d. auditors will be able to reduce the cost of substantive procedures by an amount more than the control evaluation costs
Answer: d. auditors will be able to reduce the cost of substantive procedures by an amount more than the control evaluation costs
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