The decision to audit an entire population is usually dependent upon management's express written approval to do so O the assertion and the evidence available to support the assertion O the auditors budget plan for the audit O the associated controls and the evidence available to support them O

The decision to audit an entire population is usually dependent upon management's express written approval to do so O the assertion and the evidence available to support the assertion O the auditors budget plan for the audit O the associated controls and the evidence available to support them O

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The decision to audit an entire population is usually dependent upon
management's express written approval to do so
the assertion and the evidence available to support the assertion
the auditors budget plan for the audit
the associated controls and the evidence available to support them

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A measure of the auditor's assessment of the likelihood that there are material misstatements in an account before considering the effectiveness of the client's internal control is called: * Inherent risk O Control risk Statistical risk O Acceptable audit risk
Plz explain in detail
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