Multiple Choice
CAS 330,the auditor's response to assessed risks,explains that the auditor needs to link completed audit work to the assessed risks at the assertion level and
A) document the conclusions and results of the audit procedures.
B) perform substantive procedures in areas where there is a high risk of fraud.
C) have the reviewing partner sign off on the assessed risk.
D) ensure that they test the entire population for areas that are considered to have a high risk of errors.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: Where the auditor has decided to rely
Q51: Georgina was working as the part-time accountant
Q52: In testing for cutoff,the objective is to
Q53: The sole shareholder of Jade Company had
Q54: Frankinfurter Limited decided that it wanted to
Q56: The responsibility for adopting a sound and
Q57: The reason auditors accumulate evidence is to<br>A)defend
Q58: Often,numerous classes of transactions affect the ending
Q59: The auditor's assessment relating to risk of
Q60: Management assertions are<br>A)directly related to auditing standards.<br>B)directly