a. Increase in the timeliness of direction and more detailed review of work O b. None of the options O c. Decrease in the timeliness of direction and more detailed review of work d. Neither increase nor decrease in the timeliness of direction and more detailed review of work
a. Increase in the timeliness of direction and more detailed review of work O b. None of the options O c. Decrease in the timeliness of direction and more detailed review of work d. Neither increase nor decrease in the timeliness of direction and more detailed review of work
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter7: Planning The Audit: Identifying, And Responding To The Risk Of Material Misstatement
Section: Chapter Questions
Problem 18MCQ
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Question
Examine the information enunciated below carefully and identify the impact of increase in the assessed risk of material misstatement on timeliness of direction on review of audit work.
a. Increase in the timeliness of direction and more detailed review of work O
b. None of the options O
c. Decrease in the timeliness of direction and more detailed review of work
d. Neither increase nor decrease in the timeliness of direction and more detailed review of work
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