Multiple Choice
The auditor notices significant fluctuations in key elements of the company's financial statements.If management is unable to provide an acceptable explanation,the auditor should
A) Consider the matter a scope limitation.
B) Perform additional audit procedures to investigate the matter further.
C) Intensify the examination with the expectation of detecting management fraud.
D) Withdraw from the engagement.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Analytical procedures may be classified as being
Q44: Which of the following nonfinancial information would
Q46: The auditor must use his or her
Q53: Name two management assertions pertaining to the
Q69: The following statements were made in a
Q72: Procedures specifically outlined in an audit program
Q76: Audit evidence includes only written information used
Q78: Audit documents record the results of the
Q79: An abnormal fluctuation in gross profit that
Q85: In designing written audit programs, an auditor