Which of the following is least likely to be a factor that might indicate to an auditor that an identified risk of misstatement requires special audit consideration? Complex calculations are involved, The rate of technical change is moderate in the industry, The potential for fraud seems high, Various subjective methods of application of a key accounting policy exist
Which of the following is least likely to be a factor that might indicate to an auditor that an identified risk of misstatement requires special audit consideration? Complex calculations are involved, The rate of technical change is moderate in the industry, The potential for fraud seems high, Various subjective methods of application of a key accounting policy exist
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 22MCQ
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Which of the following is least likely to be a factor that might indicate to an auditor that an identified risk of misstatement requires special audit consideration?
Complex calculations are involved, The rate of technical change is moderate in the industry, The potential for fraud seems high, Various subjective methods of application of a key accounting policy exist
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