Multiple Choice
Which of the following statements is correct?
A) In compliance audits, an error is considered material if it results in a misstatement in the financial report of more than 10 per cent of net profit.
B) In compliance audits, control deviations are considered material if the control has not been followed in more than 10 per cent of sample transactions.
C) In compliance audits, materiality should be determined by reference to the users of the auditor's report and their information needs.
D) Compliance audits are concerned only with deviations from legislation.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Why is it important to establish performance
Q3: Why should the public sector performance auditor
Q4: A typical objective of a performance audit
Q5: Governmental auditing includes:<br>A)financial report auditing.<br>B)performance auditing.<br>C)compliance auditing.<br>D)All
Q6: Which of the following objectives would not
Q7: In reporting performance audit findings, why does
Q8: Which of the following examples is a
Q9: Which of the following statements concerning auditing
Q10: What is the main concern of performance
Q11: What problem arises if the relationship between