The amount of evidence that an auditor must collect is a function of __________.
A) the risk of material misstatement in a relevant assertion for an account balance or class of transactions
B) prior years' audit risk
C) a detailed assessment of the clients' system of internal control
D) the ability of the client to provide all documentation requested by the auditor
Correct Answer:
Verified
Q50: Auditors communicating directly with a client's bank
Q51: The primary assertion that is tested when
Q52: Audit evidence will typically consist of _.
A)all
Q53: When there is a low risk of
Q54: The specific procedures auditors will use to
Q56: Auditors would plan for audit procedures that
Q57: Relevance of audit evidence refers to _.
A)its
Q58: What procedures are designed to detect material
Q59: When would auditors want to decrease the
Q60: In audit evidence, which of the following
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