Which of the following is not an inherent limitation of an audit?
A) time lapse between the balance date and the presentation of the audit report.
B) audit testing of selective samples.
C) forming professional judgements in highly specialised areas.
D) all are inherent limitations.

Question

Quizplus · Accepted Answer

All the options listed (A, B, and C) are inherent limitations of an audit. These limitations stem from the nature of auditing itself, including the necessity to make judgments, the use of sampling for testing, and the time constraints involved in completing an audit and presenting its findings.

Which of the Following Is Not an Inherent Limitation of an Audit