Much of the information regarding material misstatement in the company is obtained from management.However,the auditor may find it useful to talk to employees at different levels of authority such as
A) individuals charged with department governance
B) internal audit personnel who test internal controls
C) in-house legal counsel regarding the risk of incorrect processing
D) employees in the shipping or receiving departments
Correct Answer:
Verified
Q68: The auditor can assign a portion of
Q69: The auditor performs analytical procedures to
A)increase his
Q70: Performing analytical procedures during the planning process
Q71: How does the auditor use the information
Q72: The auditor performs analytical procedures to
A)increase his
Q74: Observation and inspection may provide the auditor
Q75: Much of the information regarding material misstatement
Q76: The auditor designs the risk assessment procedures
Q77: Observation may provide the auditor with useful
Q78: The auditor designs the risk assessment procedures
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