When a different extent of evidence is needed for the various cycles,the difference is caused by
A)errors in the client's accounting system.
B)the client's need to achieve an unqualified opinion.
C)the auditor's need to follow GAAS.
D)the auditor's expectations of errors and assessment of internal control.

Question

Quizplus · Accepted Answer

The extent of evidence needed for the various cycles is largely determined by the auditor's expectations of errors and assessment of internal control. This is because the auditor's primary objective is to obtain reasonable assurance as to whether the financial statements are free from material misstatement. In order to achieve this, the auditor must gather sufficient and appropriate evidence about the various components of the financial statements, which can vary based on the nature of the account or cycle being audited. Therefore, choice D is the best answer.

When a Different Extent of Evidence Is Needed for the Various