The nature timing and extent of substantive procedures is related to assessed level of control risk ........

Auditing Concept of Auditing

The nature, timing and extent of substantive procedures is related to assessed level of control risk

Randomly

Disproportionately

Directly

Inversely

- Option 1: Randomly

- This suggests no structured relationship. Substantive procedures follow a plan based on risk assessment, so they aren't performed randomly.

- Option 2: Disproportionately

- This implies an unbalanced relationship between control risk and substantive procedures. Typically, there is a logical correlation.

- Option 3: Directly

- This indicates that as control risk increases, more substantive procedures are required.

- Substantive procedures are intensified when control risk is high, directly correlating them.

- Option 4: Inversely

- Suggests that fewer substantive procedures are needed when control risk rises. This is typically incorrect for auditing purposes.

Correct Answer: Option 3 - Directly

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