The extent of procedures is affected mostly by which of the following factors?
A)The sheer volume of procedures to be applied by the auditor.
B)The time of year in which the client takes a physical inventory in the warehouse.
C)The auditor's judgment that misstatements are probable in certain balances.
D)The availability of the client's staff at or near the balance sheet date.

Question

Quizplus · Accepted Answer

The extent of procedures is primarily influenced by the auditor's judgment regarding the likelihood of misstatements in certain balances. This judgment guides the auditor in determining how thorough the audit procedures need to be to adequately assess the risk of material misstatement.

The Extent of Procedures Is Affected Mostly by Which of the Following