Multiple Choice
Much of the information regarding material misstatement in the company is obtained from management.However,the auditor may find it useful to talk to employees at different levels of authority such as
A) individuals charged with corporate governance
B) the personnel department responsible for hiring competent employees
C) in-house legal counsel regarding the risk of incorrect processing
D) employees in the shipping and receiving departments
Correct Answer:

Verified
Correct Answer:
Verified
Q120: Much of the information regarding material misstatement
Q121: The auditor designs the risk assessment procedures
Q122: The auditing standards specify that misstatements are
Q123: The purpose of the audit is to
Q124: The system of quality control established by
Q126: In planning the audit,the auditor makes decisions
Q127: The auditor has to develop an audit
Q128: Detection risk is<br>A)the susceptibility of management assertions
Q129: Which of the following statements is correct?<br>A)the
Q130: The auditor performs analytical procedures to<br>A)increase his