Which among the following is the most important limitation of an audit, which result in most of the audit evidence while the auditor draws conclusions? a. Management and others do not provide complete information intentionally/ unintentionally b. Auditor’s opinion is mostly persuasive rather than conclusive. c. Audit is not an official investigation into alleged wrongdoings d. The occurrence of non-compliance with laws and regulations

Q: When the au

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Q: An adverse opinion is most likely to be included in an audit report when   Multiple Choice   A…

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A: There is a possibility of the occurrence of fraud by the employees or management of the company.…

Q: Why might an auditor issue a disclaimer of opinion after an audit? A. All of these may cause an…

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A: The question is multiple choice question  Required  Choose the Correct Option.

Q: Which of the following statements is incorrect regarding the reliability of audit evidence? a.…

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Q: Risk of incorrect acceptance is defined as _______.     the risk that the auditor concludes that a…

A: Risk of incorrect acceptance may be defined as situation where audit sample supports a conclusion…

Q: materiality

A: The first statement is true because the transactions of personal capacity affect the business entity…

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Q: In a financial statement audit, inherent risk represents a. The risk that misstatements could occur…

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Q: Which of the following statements is false regardingsubstantiveanalytical procedures?a. Substantive…

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Q: From the options given below which of the following is not the reason of inherent limitation of…

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Q: Which of the following statements is not a correct statement regarding audit evidence? Select one:…

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Q: materiality

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Q: Which of the following statements is not true with respect to written representations?a. The failure…

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Q: 2. The auditors who find that the client has committed an illegal act would be most likely to…

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Q: The requirement for an attitude of scepticism means that the auditor should A) perform additional…

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