The most important factor when responding to assessed risks is _______.
A) consideration of the nature of the audit procedure
B) consideration of the nature of the associated internal control
C) the opinion of management regarding the assessed risk
D) the opinion of the internal auditor regarding the assessed risk
Correct Answer:
Verified
Q33: AU-C 330 Performing Audit Procedures in Response
Q34: For clients with multiple locations, the auditors_.
A)could
Q35: If the control environment is assessed to
Q36: Auditors will have more confidence in internal
Q37: Auditors will assess the risk of fraud
Q39: Examples of substantive procedures include _.
A)observation
B)inquiry
C)confirmation
D)All of
Q40: If significant fraud risk exists, the auditors
Q41: If the assessed risk of material misstatement
Q42: Testing of internal controls is typically conducted
Q43: Examples of initial procedures that an auditor
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