PCAOB Auditing Standard No.2 and eight risk assessment standards of AICPA require the auditor to do all but:
A)A more in-depth understanding of the entity and environment.
B)A rigorous assessment of risk of material misstatement.
C)Linkage between the risks of misstatement and the nature, timing, and extent of audit procedures.
D)A more-in-depth sampling of evidence.

Question

Quizplus · Accepted Answer

PCAOB Auditing Standard No.2 and the eight risk assessment standards of AICPA require the auditor to have a more in-depth understanding of the entity and environment, conduct a rigorous assessment of the risk of material misstatement, and link the risks of misstatement to the nature, timing, and extent of audit procedures. However, they do not require a more in-depth sampling of evidence as an explicit requirement.