It is about the degree of risk involved in the prudence shown the auditor while ascertaining the sufficiency and appropriateness of audit evidence, which might result into material statement if prudence is not displayed. It also wants us to explain that if there is a high risk factor decision and low risk decision is to be taken, how sufficiency and appropriateness goes in contrast and the materiality aspect is changed. To explain : It is about the importance of sufficiency and appropriateness factor of auditevidence, which may result into material misstatement related with that client. It is also about the contrast factor of difference in sufficiency and appropriateness, if it is the case of a high risk decision or a low risk decision.

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Answer 1

Question

Chapter 6, Problem 2RQSC

To determine

Introduction:

It is about the degree of risk involved in the prudence shown the auditor while ascertaining the sufficiency and appropriateness of audit evidence, which might result into material statement if prudence is not displayed. It also wants us to explain that if there is a high risk factor decision and low risk decision is to be taken, how sufficiency and appropriateness goes in contrast and the materiality aspect is changed.

To explain:

It is about the importance of sufficiency and appropriateness factor of auditevidence, which may result into material misstatement related with that client. It is also about the contrast factor of difference in sufficiency and appropriateness, if it is the case of a high risk decision or a low risk decision.

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Answer 2

Question

Chapter 6, Problem 2RQSC

To determine

Introduction:

It is about the degree of risk involved in the prudence shown the auditor while ascertaining the sufficiency and appropriateness of audit evidence, which might result into material statement if prudence is not displayed. It also wants us to explain that if there is a high risk factor decision and low risk decision is to be taken, how sufficiency and appropriateness goes in contrast and the materiality aspect is changed.

To explain:

It is about the importance of sufficiency and appropriateness factor of auditevidence, which may result into material misstatement related with that client. It is also about the contrast factor of difference in sufficiency and appropriateness, if it is the case of a high risk decision or a low risk decision.

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Answer 3

Question

Chapter 6, Problem 2RQSC

To determine

Introduction:

It is about the degree of risk involved in the prudence shown the auditor while ascertaining the sufficiency and appropriateness of audit evidence, which might result into material statement if prudence is not displayed. It also wants us to explain that if there is a high risk factor decision and low risk decision is to be taken, how sufficiency and appropriateness goes in contrast and the materiality aspect is changed.

To explain:

It is about the importance of sufficiency and appropriateness factor of auditevidence, which may result into material misstatement related with that client. It is also about the contrast factor of difference in sufficiency and appropriateness, if it is the case of a high risk decision or a low risk decision.

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Answer 4

Question

Chapter 6, Problem 2RQSC

To determine

Introduction:

It is about the degree of risk involved in the prudence shown the auditor while ascertaining the sufficiency and appropriateness of audit evidence, which might result into material statement if prudence is not displayed. It also wants us to explain that if there is a high risk factor decision and low risk decision is to be taken, how sufficiency and appropriateness goes in contrast and the materiality aspect is changed.

To explain:

It is about the importance of sufficiency and appropriateness factor of auditevidence, which may result into material misstatement related with that client. It is also about the contrast factor of difference in sufficiency and appropriateness, if it is the case of a high risk decision or a low risk decision.

Expert Solution & Answer

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Answer 5

Chapter 6, Problem 2RQSC

To determine

Introduction:

It is about the degree of risk involved in the prudence shown the auditor while ascertaining the sufficiency and appropriateness of audit evidence, which might result into material statement if prudence is not displayed. It also wants us to explain that if there is a high risk factor decision and low risk decision is to be taken, how sufficiency and appropriateness goes in contrast and the materiality aspect is changed.

To explain:

It is about the importance of sufficiency and appropriateness factor of auditevidence, which may result into material misstatement related with that client. It is also about the contrast factor of difference in sufficiency and appropriateness, if it is the case of a high risk decision or a low risk decision.

Answer 6

Chapter 6, Problem 2RQSC

To determine

Introduction:

It is about the degree of risk involved in the prudence shown the auditor while ascertaining the sufficiency and appropriateness of audit evidence, which might result into material statement if prudence is not displayed. It also wants us to explain that if there is a high risk factor decision and low risk decision is to be taken, how sufficiency and appropriateness goes in contrast and the materiality aspect is changed.

To explain:

It is about the importance of sufficiency and appropriateness factor of auditevidence, which may result into material misstatement related with that client. It is also about the contrast factor of difference in sufficiency and appropriateness, if it is the case of a high risk decision or a low risk decision.

Answer 7

Chapter 6, Problem 2RQSC

To determine

Introduction:

It is about the degree of risk involved in the prudence shown the auditor while ascertaining the sufficiency and appropriateness of audit evidence, which might result into material statement if prudence is not displayed. It also wants us to explain that if there is a high risk factor decision and low risk decision is to be taken, how sufficiency and appropriateness goes in contrast and the materiality aspect is changed.

To explain:

It is about the importance of sufficiency and appropriateness factor of auditevidence, which may result into material misstatement related with that client. It is also about the contrast factor of difference in sufficiency and appropriateness, if it is the case of a high risk decision or a low risk decision.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 6 - Prob. 1CYBK Ch. 6 - Prob. 2CYBK Ch. 6 - Prob. 3CYBK Ch. 6 - Which of the following statements is true...Ch. 6 - Prob. 5CYBK Ch. 6 - Prob. 6CYBK Ch. 6 - Prob. 7CYBK Ch. 6 - Prob. 8CYBK Ch. 6 - Prob. 9CYBK Ch. 6 - Prob. 10CYBK

Solution Summary: The author explains the importance of sufficiency and appropriateness of audit evidence, which may result into material misstatement related with that client.

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