The in-charge auditor most likely would have a supervisory responsibility to explain to the staff assistants:
A. how overall materiality was selected.
B. how the results of various auditing procedures performed by the assistants should be evaluated.
C. that immaterial fraud is not to be reported to the client's audit committee.
D. how the overall audit strategy will allow the firm to reach a sufficiently low level of audit risk.
Answer: B
You might also like to view...
Most major projects require budget and completion stage revisions at certain intervals due to their inherent uncertainty.
Answer the following statement true (T) or false (F)
Depletion of the ozone layer, destruction of the rain forests, and species extinctions all have an impact on:
A. A particular region. B. A particular nation. C. All of society. D. Only developing countries.
Consumer behavior is best described as a(n) ________ process
A) impersonal B) subliminal C) ongoing D) affective E) cognitive
Burnout tends to be less of a problem for people whose jobs require extensive contact with other people.
Answer the following statement true (T) or false (F)