Which of the following factor(s)is considered by the auditor in evaluating the potential for residual risk remaining in an account balance or class of transactions?

Question

Quizplus · Accepted Answer

To evaluate the potential for residual risk, the auditor should consider all possible sources, types, and extents of potential misstatements. Therefore, all of the options (A, B, and C) are important and should be considered by the auditor.

Which of the Following Factor(s)is Considered by the Auditor in Evaluating