The auditor uses their professional judgement,knowledge of the client and risk assessment for each significant account to determine the timing and extent of testing.

Question

Quizplus · Accepted Answer

This statement is true. The auditor's professional judgement, knowledge of the client, and risk assessment all play a role in determining the appropriate timing and extent of testing for significant accounts during an audit.

The Auditor Uses Their Professional Judgement,knowledge of the Client and Risk