Multiple Choice
Observation and inspection may provide the auditor with useful information to support the information obtained from management and other employees related to the risk of material misstatement.The auditor might observe or inspect
A) the entity's forecasts
B) documents,records and internal control manuals
C) decisions prepared by management
D) the entity's plans and office expenses
Correct Answer:
Verified
Correct Answer:
Verified
Q68: The auditor performs analytical procedures to<br>A)increase his
Q69: The auditor performs analytical procedures to<br>A)increase his
Q70: The auditor should document the audit strategy
Q71: The auditing standards define audit risk as
Q72: Assume that you have been assigned to
Q74: The determination of materiality is based on<br>A)generally
Q75: Which of the following statements is correct
Q76: Observation may provide the auditor with useful
Q77: One of the considerations in establishing an
Q78: The only risk controlled by the auditor