The Auditor Should Obtain Sufficient Appropriate Evidence for Material Amounts

Multiple Choice

The auditor should obtain sufficient appropriate evidence for material amounts and disclosures in the financial statements that are determined by laws and regulations that have a direct impact on the financial statements.Examples include

A) SEC reporting requirements for public companies
B) FASB reporting requirements for public companies
C) industry specific management reporting issues
D) recording transactions under government contracts,including the amount of revenue to be accrued
E) the accrual and recognition of income tax and pension expense
F) both A and B
G) both A and E
H) both C and D