Multiple Choice
Assume that application of analytical procedures revealed significant unexplained differences between recorded amounts and the auditor's expectations.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 audit with the expectation of detecting management fraud
D) withdraw from the engagement
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Audit risk can be offset by _.<br>A)general
Q12: Analytical procedures consist of evaluating financial information
Q13: The auditor's objective in obtaining an understanding
Q14: What are auditors referring to when they
Q15: Audit planning is an ongoing process where
Q17: The overall audit process can be broken
Q18: This question tests your ability to perceive
Q19: During the preliminary analytical review,the auditor discovered
Q20: The enquiries of the client that result
Q21: List and briefly explain four factors that