The Performance section of Principles Underlying an Audit Conducted in Accordance with GAAS states that for auditors to obtain reasonable assurance, they need to do all of the following except:
A)make sure all audit team members have adequate training.
B)obtain sufficient appropriate audit evidence.
C)identify and assess risks of material misstatement.
D)determine and apply appropriate materiality levels.

Question

Quizplus · Accepted Answer

The Performance section of Principles Underlying an Audit Conducted in Accordance with GAAS requires the auditors to obtain reasonable assurance by obtaining sufficient appropriate audit evidence, identifying and assessing risks of material misstatement, and determining and applying appropriate materiality levels. While it is important for all audit team members to have adequate training, this is not directly related to obtaining reasonable assurance.

The Performance Section of Principles Underlying an Audit Conducted in Accordance