Which of the following is not an example of a likely adjustment in the auditors' overall audit approach when significant risk is found to exist?
A. Increase the assessed level of detection risk.
B. Assign personnel with particular skill to areas of high risk.
C. Apply increased professional skepticism about material transactions.
D. Obtain increased evidence about the appropriateness of management's selection of accounting principles.
Answer: A
You might also like to view...
You are auditing accounts receivable for a small company and have found the following results:Number and Sizeof Client AccountsBook Valueof Stratum Book Valueof Sample Audit Valueof Sample1,202 accounts < $1,000$948,378 $59,175 $51,256 532 accounts > $1,000$777,504 $36,400 $34,400 Use ratio projection to project your results.
What will be an ideal response?
According to the text, one of the biggest challenges in online research is the ability to generate a truly random sample that is representative of the target population
Indicate whether the statement is true or false
One of the reasons that the Web is having a large impact on the support industry is that it gives the service desk an alternative and less expensive way to support customers.
Answer the following statement true (T) or false (F)
Discussants in dialogue continually test their understanding of the perspectives of other group members. This is which characteristic of interpersonal dialogue?
A. vulnerability B. mutual implication C. recognition of “strange otherness” D. temporal flow