O 6 Assume that the auditor decides to only perform substantive tests of details when auditing the equipment account. Which of the following statements best describes the circumstances associated with the client being audited?
a. The client does not have effective controls over equipment.
b. The equipment account involves only a few assets of relatively high value.
c. Either a. or b. could be descriptive of the circumstances associ- ated with the client being audited.
d. Neither a. nor b. would be descriptive of the circumstances associated with the client being audited.