Which of the following is NOT documented during the risk assessment phase? O understanding of client's internal controls O analytical procedures used to identify risks details of both substantive tests and control tests O materiality assessment
Which of the following is NOT documented during the risk assessment phase? O understanding of client's internal controls O analytical procedures used to identify risks details of both substantive tests and control tests O materiality assessment
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 17MCQ
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![Which of the following is NOT documented during the risk assessment phase?
O understanding of client's internal controls
O analytical procedures used to identify risks
O details of both substantive tests and control tests
O materiality assessment](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8286069a-69bb-4c25-89af-db5135446ba9%2Fdc023f99-54c4-495d-808a-14aa7511ee39%2Fmiudy4d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following is NOT documented during the risk assessment phase?
O understanding of client's internal controls
O analytical procedures used to identify risks
O details of both substantive tests and control tests
O materiality assessment
![Which of the following is the least persuasive type of evidence?
purchase orders
O bank confirmation
O supplier statement
O tax assessment](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8286069a-69bb-4c25-89af-db5135446ba9%2Fdc023f99-54c4-495d-808a-14aa7511ee39%2Fhrtr8a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following is the least persuasive type of evidence?
purchase orders
O bank confirmation
O supplier statement
O tax assessment
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