Which of the following is the auditor least likely to consider when estimating misstatements in the population?
A) Prior experience with the client.
B) Results of current year tests of controls.
C) Results of analytical procedures already performed.
D) Acceptable audit risk.

Question

Quizplus · Accepted Answer

Acceptable audit risk relates to the auditor's willingness to accept the risk that the financial statements may be materially misstated after the audit is completed and does not directly influence the estimation of misstatements in the population.

Which of the Following Is the Auditor Least Likely to Consider