When the auditor is attempting to determine the extent to which external users rely on a...
When the auditor is attempting to determine the extent to which external users rely on a client's financial statements, they may consider several factors except for
A. assessment of detection risk. B. concentration of ownership. C. client size. D. nature and amounts of liabilities.
Homework Answers
| When the auditor is attempting to determine the extent to which external users rely on a client's financial statements assessment of detection risk need not be considered. |
| Detection risk is the risk that auditos will fail to detect any material misstatement in the financial statements. |
| Assessment of detection risk is a factor to be considered while sudit of financial statements however it is not a relevent factor in determining the extent to which external users rely on a client's financial statements. |
| Option A assessment of detection risk is correct |
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When the auditor is attempting to determine the extent to which external users rely on a...
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please answer asap! Which of the following is/are the primary means of communication for gathering information...
please
answer asap!
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can you check my answers? Question 1 1 pts Which of the following is/are the primary...
can you check my answers?
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The PCAOBs recently revised auditor reporting standard includes a requirement for he auditor to communicate ortical udt matters. Crical audit maters include those matters during the audit that involved diffcult, subjective, or complex auditor judgments or that posed dfoulty to the auditor in obtaining sufcient appropriate evidence or in foming the opinion on the financial statements Similarly, the Intemational Auditing and Assurance Standards Board (AAS) recently revised the auditor's report in the ISAS to require auditors to communicate key audit...
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please
answer asap!
Which of the following is/are the primary means of communication for gathering information while assessing management integrity? Communication with the client personnel, the client's industry peers and the previous auditor Communication with client personnel and with the client's industry peers, only Communication with the previous auditor, only Communication with the client's industry peers, only What term refers to the determination of the amount of time to spend testing the client's internal controls and conducting detailed testing of...
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can you check my answers?
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