How does the auditor use the information from the risk assessment procedures?
A) the auditor assembles an audit team with appropriate audit skills
B) the auditor insures that appropriate documentation will be gathered during the audit
C) the auditor must determine the risk of material misstatement during an audit
D) the auditor should design audit procedures to reduce the risk to an acceptably low level
Correct Answer:
Verified
Q76: The auditor designs the risk assessment procedures
Q77: Observation may provide the auditor with useful
Q78: The auditor designs the risk assessment procedures
Q79: The auditor performs analytical procedures to
A)increase his
Q80: Observation and inspection may provide the auditor
Q82: One of the considerations in establishing an
Q83: When a client hands the financial statements
Q84: What are relevant assertions?
A)relevant assertions are the
Q85: When a client hands the financial statements
Q86: The auditor has to develop an audit
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