Multiple Choice
If the assessed risk of material misstatement for an assertion is high, _______.
A) the auditors should avoid auditing the assertion in question
B) auditors need to gather less persuasive audit evidence
C) auditors need to gather more persuasive audit evidence
D) the auditors should consider withdrawing from the engagement
Correct Answer:
Verified
Correct Answer:
Verified
Q43: A client has 100 customers constituting a
Q44: Examples of causes of misstatements include which
Q45: The use of a substantive analytical procedure
Q46: If the client has well-designed, implemented, and
Q47: If the auditor determines that internal controls
Q49: When analytical procedures are used to obtain
Q50: Management bias is defined as _.<br>A)a lack
Q51: Management may feel pressure to maintain debt
Q52: An auditor established a $60,000 tolerable misstatement
Q53: A misstatement could occur _.<br>A)with an account