Multiple Choice
Which of the following factors impact the effectiveness and efficiency of using a substantive analytical procedure to respond to risk?
A) Nature of the assertion
B) Assessed risk of the material misstatement
C) Control over the data
D) Persuasiveness of the evidence
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Finding an appropriate combination of audit procedures
Q3: The auditor's tests supported by reliable and
Q4: A significant risk is _.<br>A)a risk that
Q5: The nature of an audit procedure refers
Q6: The extent of substantive procedures refers to
Q7: AU-C 330 Performing Audit Procedures in Response
Q8: Briefly discuss the two factors that affect
Q9: Accounting estimates, by their nature _.<br>A)involve objective
Q10: Substantive tests of details to test the
Q11: Assertions about account balances at year-end typically