If the control environment is assessed to be weak, _______.
A) auditors may respond by altering the audit plan to include more audit procedures and expanding the scope of the audit to include more of the client's locations
B) auditors may respond by altering the audit plan to include less audit procedures and expanding the scope of the audit to include more of the client's locations
C) the auditor will likely consider withdrawing from the engagement
D) the auditor will likely be able to perform the audit at a lower cost
Correct Answer:
Verified
Q30: AU-C 330 Performing Audit Procedures in Response
Q31: The nature of an audit procedure refers
Q32: AU-C 330 Performing Audit Procedures in Response
Q33: AU-C 330 Performing Audit Procedures in Response
Q34: For clients with multiple locations, the auditors_.
A)could
Q36: Auditors will have more confidence in internal
Q37: Auditors will assess the risk of fraud
Q38: The most important factor when responding to
Q39: Examples of substantive procedures include _.
A)observation
B)inquiry
C)confirmation
D)All of
Q40: If significant fraud risk exists, the auditors
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