Which of the following is not a valid basis for omitting an audit test in forming an opinion on the clients financial statements?
A)The difficulty and expense involved in testing a particular item
B)The relative risk involved
C)The degree of reliance on the relevant internal controls
D)The relationship between the cost of obtaining evidence and its usefulness

Question

Quizplus · Accepted Answer

The difficulty and expense involved in testing a particular item is not a valid basis for omitting an audit test, as auditors are required to obtain sufficient appropriate evidence regardless of cost or difficulty.

Which of the Following Is Not a Valid Basis for Omitting