Multiple Choice
Which of the following is not a consideration in the planning phase of the audit?
A) obtaining an understanding of the entity's business and industry.
B) assessing competence to perform the audit.
C) considering audit risk.
D) making preliminary judgements about materiality levels.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: Williams, Sparks and Kent audit partners have
Q23: The reliance on client internal audit personnel
Q24: You are the senior auditor on a
Q25: Identify the primary considerations that apply to
Q26: Smith & Jones audit firm is determining
Q28: When auditing for fraud the auditors should
Q29: The purpose of using analytical procedures in
Q30: The title of a certain working paper
Q31: Concerning errors, irregularities and illegal acts, the
Q32: Explain the importance of analytical procedures and