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 department personnel who perform internal controls
C) in-house legal counsel regarding the risk of litigation
D) employees in the shipping or receiving department
Correct Answer:
Verified
Q59: Once the auditor calculates materiality,he uses the
Q60: Internal controls are
A)usually necessary to run the
Q61: Much of the information regarding material misstatement
Q62: Performing analytical procedures during the planning process
Q63: The auditor designs the risk assessment procedures
Q65: The auditor performs analytical procedures to
A)increase his
Q66: Which of the following is NOT correct
Q67: Observation may provide the auditor with useful
Q68: The auditor can assign a portion of
Q69: The auditor performs analytical procedures to
A)increase his
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