Multiple Choice
During substantive testing, if material misstatements have been found to exist, which of the following actions should be taken next?
A) Proceed to the audit completion in the reporting phase
B) Re-evaluate the audit risk in the planning phase
C) Re-perform detailed tests of balances
D) Re-perform an internal controls systems analysis
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Which of the following types of audits
Q7: IT audit procedures typically include a combination
Q8: Audit procedures designed to evaluate both general
Q9: Techniques used for gathering evidence include all
Q10: In addition to testing system documentation, auditors
Q12: The proof of the fairness of the
Q13: This concept means that the auditors should
Q14: Which of the following is most likely
Q15: Which of the following audit objectives relates
Q16: Related audit tests to review the existence