Multiple Choice
An important role of inherent risk assessment during the audit process is the need to
A) document the quality of the disaster recovery plan.
B) attempt to predict where misstatements are most and least likely in the financial statement segments.
C) train the audit staff to assess the integrity of management.
D) increase the level of analytical review.
Correct Answer:
Verified
Correct Answer:
Verified
Q42: What is a nonroutine transaction,and give two
Q43: The risk that an auditor's procedures will
Q44: When inherent risk is assessed as higher
Q45: In addition to representing an assessment of
Q46: Significant risk often relates to<br>A)low-dollar-value transactions.<br>B)simple transactions.<br>C)routine
Q48: Which of the following describes the components
Q49: If detection risk is reduced,the amount of
Q50: You generally consider your audit client's management
Q51: If the auditor assessed the detection risk
Q52: A PA is working on the audit