Multiple Choice
One of the purposes of developing a client risk profile is to assist the auditor in
A) developing the pertinent audit procedures for tests of internal controls.
B) assessing the client's business risk.
C) locating related parties that need to be disclosed.
D) deciding whether fraud or illegal acts have taken place.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: With respect to clients,business risk increases when
Q20: Risks associated with specific industries may affect
Q21: Why might the decisions about materiality and
Q22: It is important that the policies,procedures,and key
Q23: An important reason for auditors to obtain
Q25: During the process of deciding to accept
Q26: What is specific materiality?
Q27: Since materiality is relative,it is necessary to
Q28: The official record of the meetings of
Q29: Your client,Macilbink Ltd. ,manufactures calendars,books,and magazines.The printing