Multiple Choice
How should auditors use the concept of materiality?
A) As a guide to assessing inherent risk
B) As a guide in assessing control risk.
C) As a guide in deciding to report a deficiency to the audit committee.
D) As a guide in planning the audit program.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following statements concerning materiality
Q2: Which of the following most indicates a
Q3: The concept of materiality refers to _.<br>A)any
Q5: All but which of the following statements
Q6: Preliminary analytical procedures revealed that the gross
Q7: A bank with a large loan would
Q8: If fictitious sales were recorded and the
Q9: In the planning stage,analytical procedures are used
Q10: Generally accepted auditing standards require that analytical
Q11: Audit risk can be offset by _.<br>A)general