Multiple Choice
Observation 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 assessments
C) decisions prepared by management
D) the entity's plant and office facilities
Correct Answer:
Verified
Correct Answer:
Verified
Q71: The auditing standards define audit risk as
Q72: Assume that you have been assigned to
Q73: Observation and inspection may provide the auditor
Q74: The determination of materiality is based on<br>A)generally
Q75: Which of the following statements is correct
Q77: One of the considerations in establishing an
Q78: The only risk controlled by the auditor
Q79: The audit plan will be used to
Q80: To identify the risk of material misstatement,the
Q81: The audit program describes the evidence to