Multiple Choice
An important planning decision made by the auditor is called the audit approach decision.With this decision,the auditor decides
A) The nature,timing,and extent of individual audit procedures.
B) The acceptable level of audit risk and the overall materiality.
C) The experience level of staff needed on the audit engagement.
D) Whether a combined or substantive approach will be used for the audit.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: For new clients,the auditor can obtain knowledge
Q7: Explain the difference between positive and negative
Q8: Loan application documents are considered authoritative evidence.
Q9: Permanent audit files contain such documents as
Q10: What is the most reliable form of
Q12: The audit procedure "vouch a sample of
Q13: Using audit software to re-compute the amount
Q14: Evidence that does not relate to one
Q15: You are using analytical procedures to verify
Q16: Rank the following forms of audit evidence