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In an audit of financial statements, substantive tests are audit procedures that __________?
Auditingmedium
AMay be eliminated for an account balance under certain conditions
BAre designed to discover significant subsequent events
CWill increase proportionately when the auditor decreases the assessed level of control risk
May be test of transactions, test of balance and analytical procedures
Correct Answer: D. May be test of transactions, test of balance and analytical procedures
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