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 incorrect processing
D) employees involved in initiating,processing,or authorizing complex or unusual transactions
Correct Answer:
Verified
Q56: In the planning process,the auditor assesses the
Q57: In the planning process,the auditor assesses the
Q58: In the planning process,the auditor assesses the
Q59: Once the auditor calculates materiality,he uses the
Q60: Internal controls are
A)usually necessary to run the
Q62: Performing analytical procedures during the planning process
Q63: The auditor designs the risk assessment procedures
Q64: Much of the information regarding material misstatement
Q65: The auditor performs analytical procedures to
A)increase his
Q66: Which of the following is NOT correct
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