__________ to determine the appropriate level of audit evidence required to form an opinion when Australian auditing standards direct the auditors work.
A)A high level of professional judgement is not required
B)A high level of professional judgement is required
C)A moderate level of professional judgement is preferred
D)A low level of professional judgement is required

Question

Quizplus · Accepted Answer

Australian auditing standards require auditors to exercise a high level of professional judgement in determining the appropriate level of audit evidence required to form an opinion. Auditors must consider a range of factors including the risk of material misstatement and the nature and complexity of the entity's operations. Thus, option B is the correct choice.

__________ to Determine the Appropriate Level of Audit Evidence Required